Deutsche Bank has almost finished restructuring its Asian investment-banking business and plans to add bankers in the coming months, said regional head James McMurdo.
Yes we did trim, but we trimmed where we thought we were less competitive, or where we thought the opportunity was not that significant and that has largely been completed, McMurdo, who leads corporate and investment banking for Asia Pacific, said in a phone interview Monday. Our core banking team has stayed together, and we expect to be adding to it in the immediate future.
Bloomberg News reports that his comments follow that of Lok Yim, head of the Asia-Pacific wealth business, who said last week the German lender is still recruiting for this business in the region. C…
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