(Bloomberg) — Rowena Chu, vice chair of Better China funding banking protection at Deutsche Financial institution AG, has left the agency after working there for 20 years, folks with data of the matter mentioned.
The Hong Kong-based managing director lately resigned, mentioned the folks, who requested to not be recognized as the data is non-public. A consultant for Deutsche Financial institution declined to touch upon her departure. An electronic mail despatched to Chu’s work tackle returned an error message and calls to her cell phone weren’t answered.
Chu was named chair of Hong Kong funding banking in 2019 and beforehand led the financial institution’s fairness capital market in Asia. Earlier than becoming a member of Deutsche Financial institution in 2001, Chu held roles at companies together with Merrill Lynch & Co. and JPMorgan Chase & Co., in accordance with her LinkedIn profile.
Individually, the German lender has introduced two senior appointments overlaying know-how, media and telecom.
The financial institution employed Andrew Ma as the pinnacle of TMT protection for China, in accordance with an inside memo seen by Bloomberg Information. The Hong Kong-based banker was most lately chargeable for protection of China TMT at Barclays Plc. Previous to Barclays, Ma additionally held roles at Macquarie Capital and Credit score Suisse Group AG, the memo mentioned.
The financial institution additionally named Yusof Yaacob the pinnacle of TMT for Southeast Asia, along with his present function as chief nation officer for Malaysia, in accordance with the identical memo. A Deutsche Financial institution consultant confirmed the contents of the memo.
“Asia Pacific is residence to a few of the quickest rising TMT firms globally and we sit up for intensifying our concentrate on this sector with these appointments,” mentioned Mayooran Elalingam, head of funding banking protection and advisory for Asia Pacific at Deutsche Financial institution, within the memo.
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