Harvey Twomey has been hired for a position in Deutsche BankÆs prime services department in Hong Kong. His new functional title will be head of global prime finance sales, Asia.

He had been working at Merrill Lynch in Hong Kong where he held the position of director, and head of prime brokerage sales for the Pacific Rim. He joined Merrill Lynch in May 2004 and prior to that was regional director and head of sales EMEA for HSBC Alternative Fund Services based in London.

In his new Deutsche role he carries a managing director title and will continue in a sales remit, but his new job will encompass a wider set of responsibilities including capital introductions. He will be reporting to Denis MacCarthy, co-head of equity sales Asia, who is also based in Hong Kong.

Merrill Lynch plans to announce the name of his successor in the next couple of weeks, and is awaiting acceptance from an external offeree.

Before he starts work with the German firm in April, he will take a short adjournment yachting in the Whitsunday Islands.