Apparently, he left about three months ago, but Deutsche kept the departure under wraps. The bank is not commenting and it has not appointed a successor.
As of November 1, Deutsche ranked seventh in the region for completed M&A deals, according to Dealogic. It had advised on $20 billion worth of deals, as compared with top ranked Goldman Sachs’s $42.9 billion.
Paterson could not be reached for comment, but sources at Deutsche said they were under the impression he had left investment banking.
Paterson was appointed head of M&A for Asia-Pacific in May 2007. He joined Deutsche from Citi, where he was head of M&A Asia Pacific (ex-Japan). He had previously held senior M&A and corporate roles with Credit Suisse in Asia; Donaldson, Lufkin & Jenrette in New York and Hong Kong; and Burns Fry in Canada.