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Opinion: How Henry Cai's move affects Deutsche and UBS

July 19, 2010  

From Richard Morrow

The China rainmaker has been lured to the German bank after months of wooing. It will hope he can build the Chinese capabilities it needs, while his departure from UBS will put its strength and depth in China coverage to the test.

Yesterday (July 18) Deutsche Bank announced news that most investment banking observers heavily suspected: Henry Cai is joining the institution.

He starts as the bank’s new chairman of corporate finance for Asia ex-Japan and head of its corporate and investment...


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 LOCAL CURRENCY DCM

Rank Bookrunner Value ($m) No. %Share
1 Samsung Securities Co 1,079 13 4.8
2 China Development Bank Corp 1,066 3 4.8
3 KB Financial Group Inc 1,052 10 4.7
4 Daewoo Securities 950 8 4.2
5 Korea Investment & Securities 865 14 3.9
6 Woori Investment & Securities 854 12 3.8
7 SK Securities 758 8 3.4
8 CITIC Securities 686 2 3.1
9 Dongbu Group 650 10 2.9
10 Haitong Securities 649 2 2.9
Subtotal 8,609 70 38.4
Total 22,396 168 100.0

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