Peter Babej has joined Deutsche Bank Securities Inc.’s Financial Institutions Group as head of insurance investment banking for the Americas, the bank announced on Tuesday.

Babej will also chair Deutsche Bank’s newly constituted Global Insurance Committee within FIG. Babej is based in New York and reports to Jorge Calderon, Global Head of FIG.

Babej joins Deutsche Bank after 11 years with Lazard Freres, where he was a managing director responsible for advising clients in the insurance industry. Before Lazard, he worked in the financial institutions group at Goldman Sachs and as a corporate lawyer at Cravath, Swaine & Moore.

Babej has also advised almost all types of FIG clients including insurance companies, banks, asset managers and broker dealers.

“Peter’s broad M&A experience and his advisory relationships complement our existing strengths in global capital markets and in providing risk management solutions for the insurance industry,” says Calderon. “He has a proven track record and in-depth knowledge of the industry that are invaluable to our franchise and adds an important cornerstone to our FIG-Americas strategy.”