May 22, 2009

Deutsche Bank AG has transferred its European technology-coverage team into a new, broader renewable-energy unit in the latest example of banks in Europe basing their business on the biggest, most lucrative sectors in response to the downturn.Charles Bryant, previously a managing director in the technology group, has taken the new title of global head of renewable energy, a Deutsche spokeswoman confirmed.The new renewables team will cover the previous technology group's clients, as well as other companies across the renewable energy sector such as solar energy companies, many of which rely heavily on technology.

Thierry Monjauze, previously a director in the European technology group at Deutsche Bank, left the bank last month, according to the Financial Services Authority's register of authorized individuals.Mr. Monjauze, who has 15 years' experience in the technology-banking industry, declined to comment on the reasons for his departure, adding that he is considering his next move.A person familiar with the changes said the moves come as Deutsche Bank focuses more on covering companies with large stock-market capitalizations rather than covering companies across the large-, mid- and small-cap spectrum.