Joanne Murphy, who last month resigned from her role as head of Asian hedge fund sales at HSBC's Alternative Funds Services Group has joined Deustche Bank's DB Absolute Return Strategies as head of sales Asia ex-Japan. She will be based in Hong Kong.

The newly created role signals DB's desire to replicate the success it has had in Australia and Japan across the rest of the Asian region.

Murphy reports jointly to Ed Peter, head of Asia Pacific for Deutsche Asset Management and Mark Bolton, head of Europe and Asia for DB Absolute Return Strategies.

"Joanne is a prominent figure in the Asia alternative investment market, and we're delighted to have someone of her caliber join our team at this exciting period in our business growth cycle," says Peters. "Hedge funds are one of the several alternative investment growth areas we're pursing in the Asia Pacific region. Joanne will spearhead the expansion of our hedge fund footprint in Asia, beyond our existing and successful operations in Japan and Australia."

DB Absolute Return manages $8.2 billion and counts 160 absolute return specialists in its team.