Deutsche Bank realigns Asian institutional client group

Deutsche Bank has made a number of management changes to its institutional client group (ICG) in Asia and Australia.

Henry Ritchotte, previously head of ICG Asia (ex-Japan) in Singapore has transferred to Tokyo to become head of ICG Japan. Ritchotte has worked for the bank since 1995, and was responsible for hedge fund sales in London before moving to Asia. Locally, he will report to Eiji Nakai, head of global markets in Japan.

David Arnold has relocated from Sydney to Singapore, where he will head ICG Asia (ex-Japan). Previously, Arnold was head of ICG in Australia and also joined the German bank in 1995. On a regional basis, he will report to Loh Boon-Chye, head of global markets Asia (ex-Japan).

Meanwhile, Wayne Howe will take on the role of head of ICG Australia and New Zealand. Howe joined Deutsche Bank in September 2001, and was previously head of sales for the relative value group (RVG). Remaining in Sydney, he will report to Michael Ormaechea, head of global markets in Sydney.

All three will report to Jonathan Paul, joint global head of ICG in Hong Kong, on a global business line basis.

Paul said the Asia-Pacific region continues to be a critical and expanding component of the bank’s global markets institutional client business.

Deutsche’s ICG is responsible for the co-ordinated delivery of global markets products including debt, foreign exchange, commodities and other structured finance products to corporations and financial intermediaries.