Lazard MD makes first post-bonus move

A former Lazard managing director has become the first high-profile banker to move on in the seasonal post-bonus reshuffle, taking a role as head of Deutsche Bank's insurance group in the Americas.

Peter Babej, who was a managing director working on insurance deals at Lazard, will head Deutsche Bank's America's insurance investment banking group and chair Deutsche's global insurance committee within the financial institutions group.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions