Sectors

Skip Navigation LinksHomeOpinion: How Henry Cai's move affects Deutsche and UBS

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

Date: 19 Jul 2010

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.

Keywords (click to search): [Investment banking] [China] [Henry Cai] [Robert Rankin] [UBS] [Deutsche Bank] [Agricultural Bank of China] [IPO]

Richard Morrow

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 bank in China.

Rivals, recruiters and journalists have been speculating for months that Deutsche Bank’s Asia-Pacific CEO Robert Rankin was trying to persuade Cai, who was formerly UBS’s chairman of Asia investment banking and its leading China dealmaker, to join.

The rumours intensified in April following Deutsche’s loss of the highly respected Lee Zhang, its chairman of Deutsche Bank, China and head of global banking for Asia-Pacific, to Industrial & Commercial Bank of China.

Especially in light of Lee’s departure, Cai’s appointment makes a lot of sense.

Deutsche has a well-honed reputation for its canny fixed income trading capabilities, its debt capital markets coverage for...

To continue reading the rest of the article, you will need to be an Asiamoney subscriber.

Asiamoney subscribers will receive full access to the following:

  • All the latest news, analysis and opinion at Asiamoney.com, Asiamoney WM (Wealth Management), and ACN (Asiamoney China) .
  • Breaking news alerts sent directly to your PC/mobile device.
  • Asiamoney’s Polls and Awards section.
  • Asiamoney’s extensive online archive
  • Asiamoney Week: our email service featuring the most widely read news and opinion pieces on Asia’s financial markets from our website over the previous seven days

If you would like to start your subscription, please contact our subscriptions team at (+852) 2842 6998.

If you are experiencing any problems with your access, please contact Customer Service by phone at (+852) 2842 6910 (Hong Kong), (+44) (0) 20 7779 8999 (UK), (+1) 212 224 3570 (US) or contact us by email at subscriptions@asiamoney.com.

Kind regards,

Asiamoney
http://www.asiamoney.com


Already have an account?

Subscriber Login


Forgotten your password?

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Free trial

Taking a free trial will give you access to the current issue for two weeks (excluding selected articles, poll results and achives). Start your free trial today.

Related articles

  • UBS makes senior equity trading changes  10 Sep 2010
    UBS has made a number of changes to equity business in Asia which places David Innerdale as the head of it equities trading business. The Swiss bank has also lured Citadel volatility staffer, Marcel Bessent to head up corporate trading.

  • China bond market access could buoy HK Rmb levels  09 Sep 2010
    The mainland’s opening of the doors to its interbank bond market should help inject more renminbi into Hong Kong and offer a key indication as to what securities investors are interested in.

  • Opinion: The SMX’s battle for bulk  06 Sep 2010
    The newly launched Singapore Mercantile Exchange intends to bring commodities trading to the region that already hosts the most creation and consumption of these resources. It makes sense, but investor habits die hard. Chris Wright reports.

  • August enjoys busiest M&A volumes on record  02 Sep 2010
    Announced M&A activity for Asia ex-Japan during the month was larger than any previous corresponding month on record. Total M&A deal flow for the first eight months of the year is also the most seen so far. Morgan Stanley is the lead adviser for M&A.

  • China set to raise rates to combat rising inflation: DBS  02 Sep 2010
    Surprisingly high inflation expectations along with strong levels of local consumer and loan demand will force the central bank to begin raising interest rates more sharply than expected, predicts the Singaporean bank. It anticipates three hikes by the second quarter of 2011.

Most read articles

  1. CHINA - Tianjin plots financial re-launch

  2. Goldman hires Gary Suen in retail products push

  3. BarCap bulks up Asia equity research team

  4. Four UBS bankers follow Henry Cai to Deutsche

  5. J.P. Morgan names new Asia commodities chief


All material is subject to strictly enforced copyright laws. © Euromoney Institutional Investor (Jersey) Ltd 2010.