Urwin, 59, had been co-head of global banking at JPMorgan, which he joined in 2008 with the bank's acquisition of Bear Stearns, according to a statement from Deutsche Bank.
Urwin will lead Deutsche Bank's investment banking division together with Colin Fan and will report to Anshu Jain, co-chief executive of the company, the statement said. Urwin succeeds Robert Rankin, who left Deutsche Bank earlier this year.In response to Urwin's departure, Daniel Pinto, chief executive of JPMorgan's corporate and investment bank, said in a memo that Carlos Hernandez will become sole head of global banking, with direct oversight of investment banking, corporate banking and treasury services. Hernandez had been co-head of global banking with Urwin. He has been with JPMorgan for 30 years. Deutsche Bank has made investment banking the center of its strategy. It is investing in its investment banking operations in the United States, where its client base is smaller than New York-based rivals, including JPMorgan and Goldman Sachs Group Inc