Reuters reported that Deutsche Bank AG hired two former JPMorgan Chase bankers as it looks to strengthen its corporate banking business, according to a memo seen by Reuters .

According to Reuters , Stefan James, who served as the North American head of diversified industrials and Midwest regional head with the corporate bank at JPMorgan, will join as a managing director and head of corporate banking coverage for North America. Reuters said further Tim King, who comes from JPMorgan where he worked on the corporate and investment banking side to clients within consumer, healthcare and industrials, will join Deutsche Bank as a managing director and head of corporate banking coverage for the consumer sector.

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