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    DBK   DE0005140008

DEUTSCHE BANK AG

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Deutsche Bank : MOVES-Deutsche Bank hires Chang in Hong Kong business - memo

08/02/2021 | 07:04am EST

HONG KONG, Aug 2 (Reuters) - Deutsche Bank has hired former Orient Securities executive Albert Chang in Hong Kong, according to a memo seen by Reuters, as the European lender rebuilds its equity capital markets operation in Asia.

Chang has been appointed to head the German bank's corporate advisory group for the Asia Pacific region, the memo said.

He most recently served as the head of equity capital markets at Orient Securities, said the memo from Mayooran Elalingam, Deutsche Bank's head of investment banking coverage and advisory for APAC.

The contents of the memo were confirmed by a Deutsche Bank spokeswoman, who declined to comment further on the appointment.

"As we continue to strategically invest in our Equity Capital Markets (ECM) offering in Asia, we will benefit from Albert's experience across both corporate finance execution and capital markets advisory," the memo said.

Deutsche Bank has been rebuilding some of its ECM team across Asia after the business was scaled down as part of a global restructuring in 2019.

Chang will be a managing director in the bank's Hong Kong office. (Reporting by Scott Murdoch in Hong Kong Editing by Mark Potter)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE BANK AG 2.12% 10.886 Delayed Quote.19.12%
ORIENT SECURITIES COMPANY LIMITED 3.13% 14.5 End-of-day quote.24.68%
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Analyst Recommendations on DEUTSCHE BANK AG
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Financials
Sales 2021 25 037 M 28 410 M 28 410 M
Net income 2021 1 879 M 2 133 M 2 133 M
Net cash 2021 53 831 M 61 082 M 61 082 M
P/E ratio 2021 12,5x
Yield 2021 2,31%
Capitalization 22 014 M 24 813 M 24 979 M
EV / Sales 2021 -1,27x
EV / Sales 2022 -1,59x
Nbr of Employees 84 512
Free-Float 92,9%
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Technical analysis trends DEUTSCHE BANK AG
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Mean consensus HOLD
Number of Analysts 19
Last Close Price 10,66 €
Average target price 11,84 €
Spread / Average Target 11,1%
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Managers and Directors
Christian Sewing Chief Executive Officer
Karl von Rohr President
James von Moltke Chief Financial Officer
Paul Achleitner Chairman-Supervisory Board
Bernd Leukert Chief Technology, Data & Innovation Officer
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