Deutsche Bank has a brand new corporate and investment banking division and has made a series of appointments to lead it.

The global division will be run by Jeff Urwin, who will have a total of 15 people reporting to him according to a person familiar with the situation.

Under him, James McMurdo will lead the Asia Pacific business, while ex-Goldman Sachs banker Alasdair Warren will join as head of the EMEA region next year. 

Mark Hantho will head up the global equities business while Mark Fedorcik will lead the debt business.

The Financial Times reported the moves earlier.

The move comes in the wake of an unprecedented leadership overhaul announced last month by CEO John Cryan. 

"The Supervisory Board's guiding principle, in light of the Bank's Strategy 2020, was to reduce complexity of the Bank's management structure enabling it to better meet client demands and requirements of supervisory authorities," the bank said in the October statement.

Deutsche Bank unveiled a record loss for the third quarter of this year.

The German lender reported a net loss of €6 billion (£4.3 billion, $6.6 billion) on October 29 with a €1.2 billion  litigation hit.