Deutsche Bank hires trio for Asia Pacific credit trading, sales

[HONG KONG] Deutsche Bank hired three for its Asia Pacific credit trading and sales desk, underscoring high demand for staff, as finance professionals shift among banks in the region.

The lender hired Smit Rastogi for Asia Pacific credit trading based in Singapore and Karen Lee for Asia Pacific credit sales based in Hong Kong, according to a spokeswoman. Both started at the bank this week.

Rastogi was previously with UBS Asset Management. Tim Wynne also joined Deutsche Bank’s Asia Pacific credit trading desk last month, based in New York.

The region has seen a spate of moves recently by credit traders and analysts. JPMorgan Chase lost two Hong Kong-based credit traders recently, along with its local head of credit sales, Bloomberg reported last month.

BofA Securities also recently tapped Barclays’ regional credit sales head, Sandeep Tharian.

Global bonds are re-entering a bull market, with traders betting the US Federal Reserve will cut interest rates, while new bond sales in the Asia Pacific have surged. BLOOMBERG