Deutsche Bank has enticed Michael Masterson away from Bank of America to co-lead its transportation and infrastructure investment banking business in the Americas, according to a person familiar with the hire.
At Deutsche Bank, Masterson will co-head the business alongside Craig Fuehrer. He will be a managing director in the firm’s industrials practice
At Bank of America, Masterson was head of airlines and aircraft leasing investment banking for the Americas. He began his investment banking career in 1997 at Merrill Lynch.
Masterson’s career move marks the latest in a string of high-level people moves in infrastructure investment banking.
In late March, Rob Collins, Morgan Stanley’s head of infrastructure investment banking for the Americas, left the firm to join boutique investment bank Greenhill & Co. At Greenhill, Collins will head the firm’s advisory effort for infrastructure in the Americas. His first day at the firm will be Tuesday, 23 June.
And in February, boutique investment bank Evercore Partners announced that it had tapped George Ackert to establish and lead its transportation and infrastructure practice. Ackert, who is based in New York, previously led the same group at Merrill Lynch. His signature infrastructure transactions at Merrill included the sale of Dakota, Minnesota and Eastern Railroad to Canadian Pacific Railway in October 2007 for $1.48 billion.