Deutsche Bank Securities Inc. appointed Monte Koch as global head of real estate investment banking on Wednesday.

Koch, a veteran banker for more than 20 years, has served in a variety of leadership roles at Deutsche Bank and, for the last several years, has been extensively involved with the firm’s most prominent real estate, gaming and lodging clients.

Koch replaces Devin Murphy after more than 21 years in investment banking, who has decided to leave the bank to pursue other interests. In the coming months, Murphy will serve as an advisor to the real estate business, ensuring a smooth transition in strategy and client coverage.

“We’re extremely pleased that Monte has expanded his leadership responsibilities to now include our real estate, lodging and gaming practice,” said Thomas Gahan, CEO of Deutsche Bank Securities Inc. “His proven reputation as a trusted advisor to clients coupled with his tenured history as a leader in senior management of the firm will allow him to marshal the resources needed to build our REIB practice even further.”