Deutsche Bank has announced the internal promotion of several new members to senior management positions in the Asian global markets team. The appointments will become effective immediately.
David Lynne is the new head of integrated credit trading and emerging markets in Asia, moving from the position of co-head of Asian emerging markets. Lynne will replace Alejandro Brockmann who will take a senior position in New York with the global markets team.
Bryan Yap will take over from Lynne as head of emerging markets Asia and will remain on Deutsche's global emerging markets management committee. Yap will report to Lynne.
Deutsche global markets in China will welcome new co-heads into the fold. Feng Gao will leave his position as head of integrated credit trading to join the team. Mark Wang will handle the new appointment while remaining head of the institutional client group in China.
Replacing Gao as co-heads of integrated credit trading in Asia will be Chetankumar Shah and Wai-Hong Luk. Shah will juggle the new role with his current position as head of global markets for India. Luk will continue to be responsible for Deutsche's asset swaps and stripped convertible bonds trading arm in Asia while assuming his new post. Both appointees will also report to Lynne.
In a press release, Deutsche states that the promotions follow five years of solid growth in the global markets business in Asia.
"Deutsche Bank is pleased that following a period of strong growth, we have been able to promote from within, rewarding our senior management for their contribution in building up our successful global markets franchise in Asia," say Loh Boon Chye, head of global markets Asia, and Jonathan Paul, chairman of global markets Asia.