To keep pace with the growth and demands of its institutional client base and compete with rivals in China
Deutsche Bank has beefed up its institutional sales operations in China by hiring four senior professionals – reported Reuters. Repotdly, Jaye Han is expected to join as chairman of Institutional Client Group (ICG). Earlier, he worked with Macquarie Group.
Shao Wenbo has been appointed as head of ICG to lookafter China institutional sales force. He comes from Goldman Sachs, where he served as managing director. The Germany-based bank has also hired Zhang Yong and Guo Ying. Mr. Yong has been appointed as head of bond sales, while Mr. Ying has been appointed as director of ICG.
In a statement, Shen Yan, co-head of ICG Asia, said: “These appointments ensure our coverage capabilities keep pace with the growth and demands of our institutional client base in China, enabling us to offer a broader range of products and services,” reported the news agency.