Deutsche Bank has further enhanced its Asian equities business by announcing the appointment of David Sayer. He joins as a vice president in the equities trading business in Hong Kong and will report to Warren Primhak, head of cash trading, Asia.
Sayer moves to Deutsche Bank from the Hong Kong branch of JPMorgan. At Morgan, Sayer held the position of vice president of Asian cash equity trading.
The hire follows several proactive years for Deutsche's equities arm, which has expanded into four new markets since 2000. In August 2003, the bank opened its latest Asian equities desk in Mumbai, following on from successful platforms instituted in Korea and Taiwan, and the equities research joint venture with TISCO Securities in Thailand.
Recently, the firm strengthened its equities arm in Taiwan with the appointment of Tom Lin as an equities sales specialist. In the past three years, the German bank has been involved in a massive equities related hiring splurge.