Deutsche Bank hires utilities banker

Dean Keller will join the firm in August as a New York-based managing director focused on the power and utilities sector.

Deutsche Bank has strengthened its power and utilities investment banking business by hiring a former energy executive.

The firm said in a statement Dean Keller will join its natural resources team in August as a managing director focused on the power and utilities sector. He will be based in New York.

Keller will be joining the firm from Entergy Corporation, a New York Stock Exchange-listed electric utility, where he served as executive vice president and chief financial officer for one of its subsidiaries, Enexus Energy.

Keller will report to Kirk Andrews and Frank Kinney, co-heads of power and utilities investment banking in the natural resources group.

His appointment comes on the heels of several high-level departures from the same group. Group head Michael Hill left recently for Nomura, followed by the departure of energy investment bankers Jonathan Cox and Michael Johnson, according to Reuters.

Both Cox and Johnson joined Morgan Stanley, Reuters reported.