03 Nov 2009, Katy Barnato , Credit
Deutsche Bank has hired a JP Morgan executive director to co-head its Latin American debt capital markets team.
Andre Silva joins as a managing director, and will work alongside Alberto Ardura, who also co-heads the Latin America debt team. Silva will be based in New York. At JP Morgan, Silva was responsible for debt capital markets transactions for Brazilian companies.
Prior to JP Morgan, he was an executive director in the Latin American investment banking division at Morgan Stanley in Brazil.
Elsewhere, two former Deutsche Bank heads have launched their own boutique investment bank. Michel Lowy and Soo Cheon Lee were heads of Deutsche’s Asian distressed products group until March this year.
They have now formed SC Lowy Financial Services, which will focus on trading and advisory services for distressed debt investments in Asia. The new firm is headquartered in Hong Kong, with plans to open offices in Japan and Australia. Lowy and Lee hope to branch out to emerging markets and Europe.