Deutsche Bank plans to rebuild its restructuring group after four of the team's six members quit in recent weeks, according to a spokesman at the bank.

John Short, previously head of Deutsche's restructuring business, left the bank two weeks ago to join Tricorn, a corporate finance boutique established earlier this year by a group of former Gleacher bankers. Three of Short's former Deutsche colleagues have left for Gazelle Corporate Finance, a boutique set up in 1996 to work on corporate disposal programmes for European companies.