Deutsche Bank has announced that Jun Ma will take on an expanded role within the group, reflecting its growing commitment to its China business. Effective immediately, Ma becomes chief economist, Greater China and head of China and Hong Kong macro strategy, and will continue to be based in Hong Kong.
Ma has worked for Deutsche Bank since 2000 and, prior to this appointment, was the bank's high profile chief economist for Greater China. In the expanded position, Ma will dually report to Michael Spencer, chief economist and head of macro research and strategy, Asia-Pacific and to Dave Murray, head of company research, global emerging markets.
Before beginning his Deutsche tenure, Ma served as an economist and senior economist with the World Bank and the International Monetary Fund (IMF). He was involved in numerous policy decisions with, and provided advice to, the Chinese authorities on exchange rates, monetary and fiscal issues, banking, SOEs and trade.
Ma's career has also extended to the Development Research Center of China's State Council, where he was a research fellow. He has also published six books on the Chinese economy and financial issues.
Commenting on the announcement, Loh Boon-Chye, Deutsche Bank's head of global markets, Asia, says: "Our committment to the quality of our China product is absolute and Jun's role will ensure that we deliver focused macro views and research advice across both fixed income and equity."