Moelis named sole adviser for $100bn Saudi Aramco IPO
Moelis & Co has been engaged as the sole independent adviser for Saudi Aramco’s proposed $100bn initial public offering, which could become the biggest equity advisory mandate to date for the New York-based investment banking boutique, sources said. (FT)

Deutsche Bank investment banking boss mulls retirement
Jeff Urwin, Deutsche Bank’s corporate and investment banking chief, is in discussions to retire, with the lender having initiated talks to promote finance chief Marcus Schenck to oversee the business. Urwin, a former JP Morgan banker, joined Deutsche Bank in early 2015. (WSJ)