Anshu Jain and Michael Cohrs, newly-appointed global co-heads of corporate and investment banking at Deutsche Bank, have pushed through a worldwide restructuring of the firm's investment banking business to improve performance.

A series of internal memos, seen by Financial News details that Deutsche Bank has combined its investment bank's four main businesses - global equities, corporate finance, transaction banking and global markets - into two: global banking and global markets. Jain will oversee markets and Cohrs, banking.