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Deutsche Bank Cuts Airline Coverage  
User currently offlineLatinAviation From United States of America, joined Nov 2003, 1276 posts, RR: 14
Posted (10 years 5 months 1 day 11 hours ago) and read 1561 times:

Interesting (and sad) news. I always thought Deutsche Bank was one of the best in covering the industry. Today's Aviation Daily reports that Susan Donofrio was let go as a result of this restructuring.

Deutsche Bank cuts 50 jobs in U.S.

Deutsche Bank reportedly has cut its U.S. equities workforce by 6%, eliminating about 50 jobs from the 850-employee division.

As part of the downsizing, the company dropped coverage of several sectors, including airline, aerospace, and phone equipment, according to Bloomberg News. Nine senior research analysts reportedly lost their jobs.

The company was unavailable for immediate comment.

1 replies: All unread, jump to last
 
User currently offlineHZ747300 From Hong Kong, joined Mar 2004, 1675 posts, RR: 1
Reply 1, posted (10 years 5 months 1 day 9 hours ago) and read 1506 times:
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Susan will be picked up by someone rather quickly. She is well-respected in the analyst industry and government.

From my line of work, I am able to track most analysts comings and goings. It appeared that Deutsche Bank was having a mass exodus while Citigroup Capital Markets was ramping up coverage.



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