New York-based hedge fund Hudson Executive Capital has taken a 3.1% stake in German lender Deutsche Bank.

The company acquired the Deutsche Bank stake to support it’s current CEO Christian Sewing’s efforts to revive the bank.

It also makes Hudson Executive Capital, led by former JPMorgan finance chief Douglas Braunstein, one of its largest investors.

Hudson joins HNA, BlackRock, Cerberus and Qatar royal family as stakeholders of Deutsche Bank. The bank confirmed the investment in a statement.

“We welcome Hudson Executive’s investment in Deutsche Bank. Doug Braunstein and Hudson Executive come with deep backgrounds investing in financial services companies. We appreciate Hudson Executive’s confidence in our ability to execute on our strategic objectives,” Sewing said.

Losing 44% market value, Deutsche Bank has been one of the worst performers in Europe in the last one year. Several restructuring and leadership changes also failed to revive the German lender.

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However, the investment by Hudson pulled up its share value by nearly 4%.

Hudson Executive Capital supported the recent steps taken by Deutsche Bank to focus on retail banking, transaction banking and asset management, reported Reuters.

In August, it was reported that Deutsche Bank plans to cut nearly 1,000 retail jobs at its headquarters. The aim was to eliminate duplication in back- and mid-office jobs.