Deutsche Bank shuffles Asian credit team

Deutsche Bank has signalled its intention to target China’s derivatives market with the appointment of the bank’s Singapore-based head of integrated credit trading, Feng Gao, as co-head of its global markets business in China.

Gao joins Mark Wang, who will take on the other co-head position in addition to his current role as head of the institutional client group in China.

Chetankumar Shah and Wai-Hong Luk will replace Gao as co-heads of integrated credit trading Asia. In addition to their new roles, Shah will also retain his position as head of global markets for India, while Luk will retain responsibility for the Asian asset swaps and convertible bond trading business.

Meanwhile, the bank has appointed Singapore-based David Lynne as head of integrated credit trading and emerging markets in Asia. Lynne was previously co-head of Asian emerging markets and replaces Alejandro Brockmann, who is relocating to take up an undisclosed senior position within Deutsche Bank in New York.

Bryan Yap, previously the other co-head of Asian emerging markets, will now run the emerging markets group on his own, reporting to Lynne. Both Lynne and Yap will remain on the bank’s global emerging markets management committee.