Exclusive | Deutsche Bank bulks up with dozens of new hires, some from rivals, as German lender sets sights on deal making in Asia
- Deutsche Bank has hired 50 bankers from its rivals, with most of them to be based in Asia, says investment banking head Fabrizio Campelli
- The German lender’s medium-term strategy is to grow its position in mergers and acquisitions and equity capital markets
Deutsche Bank is aggressively expanding its investment advisory team in Hong Kong, taking advantage of the current market condition to snap up quality talent, as the German lender positions itself for a rebound in deal making in Asia.
The Frankfurt-based banking group has recruited 50 managing directors in the past four months – including ex-Morgan Stanley and Credit Suisse executives- with nearly one-third to be based in its Asia offices, said Fabrizio Campelli, the head of corporate bank and investment bank, and a member of its Management Board at the headquarters.
“We are believers in Asia, believers in Hong Kong, and we are growing this office as part of our ‘global Hausbank’ strategy,” Campelli said in an exclusive interview with the Post. The global Hausbank is the lender’s strategy to be a one-stop shop for its clients, offering a suite of financial services.
Asia will play a crucial role in the bank’s growth, he added, and Deutsche Bank wants to become “more relevant in certain geographies that are becoming more relevant to our clients”, referring to the strategy to broadly expand the bank’s presence in Hong Kong, Greater China and Asia.
