Deutsche Bank's Rankin joins Packer's empire

Deutsche Bank said senior executive Robert Rankin will leave the bank in January to become chief executive of James Packer's private investment vehicle Consolidated Press Holdings.

Australian businessman and multi-billionaire Packer will also nominate Rankin, 51, as co-chairman of his Crown Limited and as a director of Macau-based Melco Crown Entertainment, which both count Consolidated Press as a shareholder.

Deutsche Bank said it has not named a successor to Rankin yet as co-head of corporate banking and securities and head of corporate finance. London-based Rankin will move back to Asia. 

In the first nine months of 2014, Deutsche Bank ranked top five globally...