Deutsche Bank is to take on eight investment bankers and equity market specialists in Asia.
So far the bank has hired Gordon Paterson as Asia head of mergers and acquisitions excluding Japan from Citigroup. Furthermore, Angus Barker will take on the role of head of the group in Asia Pacific after joining from UBS.
The move to bolster the workforce has come as Deutsche Bank has fallen behind competitors in acquisition advice while takeover activity soared in the Asia-Pacific region to $187 billion in the last quarter alone.
Last week the firm also announced that Bill Nook will join the Global Banking Division as a director in the bank’s Financial Institutions Group (FIG) specializing in management and alternative investment companies.
“Bill has nearly a decade of experience covering asset managers,” said Jorge Calderon, managing director and global head of FIG. “We are confident that his experience and knowledge of the client base will complement the strong focus that Deutsche Bank has in the alternative asset management space.”
Nook joins from UBS, where he was an executive director in the Investment Banking Division covering asset management companies.