Deutsche Bank has suffered two more senior defections from its Asia debt capital markets DCM team, following the resignation of Michael Luk at the beginning of this month.
Jimmy Choi and Kang-Jae Kim, both directors based in Hong Kong, handed in their notices yesterday, according to market sources, and will join Luk their former boss, who was poached for the top Asia DCM job at Bank of America Merrill Lynch.
Choi was head of Asia high-yield capital markets at Deutsche and Kim had responsibility for high-grade bond origination in the region. Choi also has expertise in leveraged finance, a division that Luk led at Deutsche. At BoA Merrill, Choi will head...
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