LPs

Two senior Deutsche Bank private markets execs leave firm

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Deutsche Bank, Enhanced Equity, private equity
A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt, Germany September 30, 2016. Reuters/Kai Pfaffenbach
  • David Koh worked as an MD in New York
  • Frank Albrecht was a senior adviser
  • Both no longer listed on the website

David Koh and Frank Albrecht, senior executives in Deutsche Bank’s private funds group, left the bank, according to a source.

Koh and Albrecht are no longer listed on Deutsche Bank’s website. They had been listed on the website as of May 13, 2016. Koh’s email and office phone line are inactive; Albrecht’s email is no longer active. No one answered a call to his office line in Cologne.

Koh’s LinkedIn profile is not updated. Albrecht’s profile is updated, showing he worked at Deutsche Bank until 2016. Since December 2016, he is listed as co-founder and managing director of CAM Private Markets, an affiliate of Wickenkamp-Consulting providing PE and private debt services to institutional investors in German-speaking countries.

CAM Private Markets does not appear to have a website or contact information. Further details on the new role could not be found.

Albrecht did not immediately respond to a connection request on LinkedIn. Rolf Wickenkamp, founder and CEO of Wickenkamp-Consulting, did not respond to an email Monday. Oksana Poltavets, a spokeswoman with Deutsche Bank, declined to comment.

Koh and Albrecht worked in Deutsche Bank’s private equity and private markets group, which had about $12 billion of assets under management as of Sept. 30, 2015. Koh was a managing director in New York and Albrecht was most recently listed as a senior adviser in Cologne.

According to Koh’s LinkedIn profile, he was head of third-party investments. He previously headed the bank’s global investment group and was a managing director in private markets.

Albrecht previously was a managing director at DB Private Equity, which he joined in 2001, according to his Bloomberg profile.

DB Private Equity & Private Markets has been investing since 1992, the website said. It focuses on funds-of-funds, secondaries and co-investments globally in PE, private debt, real estate and infrastructure.

Action Item: Check out DB Private Equity contact page here: http://www.dbpe.com/en/content/people.html

A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt on Sept. 30, 2016. Photo courtesy Reuters/Kai Pfaffenbach