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Mr Utendahl earned a bachelor's degree in Business Administration from Long Island University, Brooklyn Campus and acquired an MBA from Columbia University.

A veteran on Wall Street, Utendahl ran the most successful minority-run investment bank in the United States until its final days in 2009.

On March 25, 2010, Utendahl joined Deutsche Bank Americas as Vice Chairman.

After 5 years at Deutsche Bank, Utendahl left to join Bank of America as Vice Chairman in 2016.

His arraignment has been postponed until April 2009 while he remains free on bail.