Deutsche hires prime broker Diana Yang

Deutsche Bank has hired Diana Yang as a vice-president in its global prime finance sales and capital-introductions unit, reporting to Harvey Twomey, Asia-Pacific head of global prime finance, institutional client group.

She resigned from Bank of America Merrill Lynch in 2009, where she first met Twomey, with the aim of rejoining Deutsche Bank.

Yang was a vice-president at BoA Merrill of several years' experience, having worked in a number of areas, including capital introductions. Since her departure, the US bank has hired a head of cap intros in Hong Kong, Joanne Bryant-Rubio.

Before BoA Merrill, Yang worked at NYSE Euronext in the global corporate client group, where she was responsible for promoting the exchange as a destination for listed Chinese companies.

Her job will be to focus on Deutsche's efforts to win hedge fund prime brokerage business in the Greater China region.

"I think we will see some new fund activity in China this year," says Twomey. "We launched two new Greater China funds this month, but our view is that this year is really about helping the existing clients with asset raising and alpha generation."

Deutsche Bank's sales team took gold, silver and bronze in our 'Best Prime Broking Salesperson' poll last year, with Chris Pagan just beating Charlie Bennett to top spot.