Noreddine Sebti, Deutsche Bank’s global head of Equity Trading, will relocate to Hong Kong from New York to assume regional responsibility for the equities business in Asia.
He takes over from Colin Fan, who will move to London to become co-head of Global Credit Trading.
Sebti will report to Loh Boon-Chye, head of Global Markets Asia, and continue to report to Yassine Bouhara, global head of Equities at Deutsche Bank, for his role as global head of Equity Trading.
As Head of Equities Asia, Sebti will take over regional responsibility in Asia for managing the full range of Deutsche Bank’s customer-facing equity businesses, including cash equities, derivatives capabilities such as synthetic access to local markets, exotics and flow, illiquid equity derivatives trading and financing.
“Locating a global business head in Asia clearly demonstrates the changing polarity of global equity markets and the growing importance of the region for clients and our business globally,” says Bouhara.
“The growth in our regional equities business has been spectacular in recent years. Deepening global connectivity is vital as Asian markets have become larger, more sophisticated and present compelling opportunities,” adds Loh.
Deutsche Bank’s equity platform was recently awarded Best Equity Derivatives House 2007 by IFR Asia. Deutsche Bank was also ranked number one for equity derivatives in Asia Risk’s 2007 end-user survey, while Asiamoney ranked Deutsche’s equity sales trading team as the best in Asia ex-Japan for 2007.
Sebti joined Deutsche Bank in 1998 where he has held several senior roles in London and New York. He started his career at Credit Suisse in Geneva, Switzerland, in 1989, and in 1993 joined Transoptions, a market-making firm, first in Lausanne, Switzerland, and later on in Munich, Germany. Sebti holds an Economics degree from L’cole des Hautes Etudes Commerciales, Geneva.