Deutsche Bank expands credit trading team in China

Deutsche Bank has expanded its global credit trading team in China, with Jianyi Zhu joining as head of global credit trading for Greater China, along with several other senior hires. All the hires are to newly created positions based in Hong Kong.

Zhu will start on June 13, having previously worked at Goldman Sachs in Hong Kong, where he was an executive director in the Asia special situations group. As a founding member of the group’s China team, he was responsible for sourcing, evaluating, executing and managing investments in China across various asset classes and industries.

For collateralised debt obligations (CDOs) and credit trading-related activities, Zhu will report to Chetankumar Shah, head of credit trading, CDOs and credit structuring in Asia. For all other activities, he will report to Sajid Javid, head of global credit trading for Asia.

Sun Yong Hong and Rowena Yue joined in April and May respectively as directors on the global credit trading team. Hong was previously an executive director in the Asia special situations group at JP Morgan Chase in Beijing, while Yue moved from Standard Chartered in Hong Kong, where she was a director in the corporate finance and advisory group.

Gavin Xing came on board in April as vice-president of global credit trading, from HSBC in Hong Kong, where he was a director in the project and export finance group.

Javid says the new hires are in response to the increasingly diverse funding needs of Chinese corporations. “Our clients require a range of flexible financing options, from securitisation to commodity and structured finance, pre-IPO funding or access to private equity,” he says.