Published by Hubbis – 10th May 2019
Deutsche Bank has announced the hire of Eric Leung to lead the Asia fixed income team of its Wealth Management division.
Leung joins from global private bank J. Safra Sarasin, where he worked for over a decade, most recently as Executive Director and Head of Fixed Income Asia. Prior to that, he worked at HSBC Private Bank.
Leung is Deutsche Bank’s latest high profile hire as the German mega-bank looks to grow in the Asia Pacific region. He will be based in Hong Kong and report to Akshay Prasad, managing director, head of capital markets at Deutsche Bank Wealth Management.
Leung is just one part of a larger plan to aggressively boost revenue in the region. Under Lok Yim, the bank’s head of Asia, Middle East and Africa, Deutsche Bank WM has set its sights on Asia’s UHNWIs, bolstering its ranks to grow its business, particularly in North Asia.
Yim said Deutsche Bank is focusing on clients with more than USD25 million net work, and the top end of the USD5 to USD25 million bracket. Deutsche has approximately USD230 billion in assets under management (AUM), USD56 billion of which is in Asia.
