Deutsche Bank has hired three former JP Morgan credit executives to form a China institutional equity derivatives sales team, to be headed by Cindy Wang.She will be joined by James Zhan as a director and Bing Li as a vice-president, both of whom will report to her. Wang reports to Charles-John Donley, head of structured and institutional equity derivatives sales for Asia, excluding Japan.
The new hires were previously at JP Morgan in Hong Kong – Wang as head of China fixed-income sales, Zhan as head of China structured credit sales, and Li as a credit and rates market salesman.
Headhunters have noted a trend in Asia of banks snapping up structured credit staff and re-tasking them for equity derivatives.
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