With Deutsche Bank in the midst of a strategy review, which could see thousands of jobs eliminated, the assumption would be that more people are trying to get out than accepting jobs. Senior bankers are indeed heading for the door, but it’s still making some key hires for its markets business.
In the last few weeks, Russell Chin, who was previously a managing director and head of cash equities sales at Standard Chartered, has joined the German bank. He will be head of Japan equity sales and also focus on the broader APAC region based out of Deutsche Bank’s London office, according to sources close to the situation.
Chin had been working at Standard Chartered for just two years, having joined from Nomura where he was a managing director and head of pan-Asia hedge fund sales. He joined Lehman Brothers seven months before its collapse and the subsequent takeover of its European operations by Nomura as head of Asia Pacific sales.
Chin is the latest in a series of recent senior hires at Deutsche Bank. Quentin Thom joined this month as European head of hedge fund consulting after just over a year running his own hedge fund consulting business, QT Advisors, according to his LinkedIn profile. This was a role that had been open for over a year following the departure of Chris Farkas to Deloitte.
It has also named three new directors for its Autobahn equity trading platform, due to start in September.
Deutsche didn’t immediately respond for requests for comment.