Deutshe Bank AG is in avanced talks to hire a bormer senior UBS AG banker in Asia to run its operations in the region, according to people familiar with the situation signaling the German bank's aggressive expansion plan for Asia
Deutshe bank is close to hiring Bobert Rankin who until recently ran the investment banking department in the Asia-Pacific region, these peoplesaid. Mr Rankin will succeed Colin Grassie, they sail who plans to return t5o Europe in a senior role, The hiring of Mr.Rankin whose resignation from UBS was announced in March, could be announced later this month one person said.
Messre. Rankin and Grassie couldn't be reached for comment. A Deutsch Bank spokeman in Hong Kong declined to comment.
The move comes as Deutshe bank tries to capitaize on its relative financial strength to poach bankers from rivals globally. In Asia, it wants to build on its strong global markets business in foreing exchange and trading-related operation and expand its global banking business, which includes public market capital raising and merger advisory services
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