Deutsche Bank names head of semiconductor sector within TMT group

(Reuters) - Deutsche Bank has hired Robert Lee as managing director and head of the semiconductor sector within its technology, media & telecom (TMT) group in the Americas, according to an internal memo seen by Reuters on Tuesday.

The memo, the contents of which were confirmed by a Deutsche Bank spokesperson, said Lee comes with over two decades of experience in the technology hardware industry, and has executed deals across banking products including M&A and initial public offerings.

The hiring comes at a turbulent time for the U.S. M&A market that has suffered from dampened investor sentiment, particularly for tech companies, amid geopolitical turmoil, rising interest rates and fears of a recession.

Lee, who will be based in San Francisco, joins Deutsche Bank from BMO Capital Markets and has previously also worked within tech investment banking at RBC Capital Markets and Jefferies & Company.

(Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri)

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