Deutsche Bank announced yesterday that it has made seven new hires to its institutional sales team for China, who will focus on marketing global products to Chinese financial institutions. The staff, who joined in the past month and are additions rather than replacements, are based in Hong Kong and report to Wenbo Shao, head of the institutional client group (ICG) China.

"Our new colleagues ensure we can maintain a high degree of service at a time when clients in China are becoming more sophisticated and global in achieving their investment and risk management objectives," said Shen Yan, co-head of ICG Asia.

Li Wei has been appointed a director, ICG China. Wei has joined from Citigroup where she marketed investment products to Chinese financial institutions. She also brings seven years' experience from NYSE Euronext where she held a number of senior positions. 

John Fei too has joined as a director at ICG China. Fei was previously head of China business coverage at AIG Financial Products and a director at HSBC where he managed fixed-income sales and marketing in China. 

Shibin Wang has been appointed vice-president at ICG China. Wang joined from Goldman Sachs where he worked in institutional sales, covering Chinese financial institutions and state-owned enterprises. 

Deutsche Bank has also hired four associate and analyst-level professionals for the ICG China team. Wei Wei (from China Foreign Exchange Trade System or Cfets), Lisa Yan (from Thomson Reuters) and Rongmin Qin (a graduate) have joined the onshore institutional sales team in Shanghai. Ji Wang (from Wing Lung Bank) has joined Deutsche Bank's offshore sales team in Hong Kong.