SWF hunger for Asia deals prompts Deutsche rejig

Ashok Pandit is taking on a new role as head of sovereign wealth fund and institutional client coverage.

SWF hunger for Asia deals prompts Deutsche rejig

Increased interest from sovereign wealth funds and large institutional investors in a wider array of investment opportunities in Asia is shaking up how investment banks deploy their people.

Having identified this trend, Deutsche Bank has created a new role for Ashok Pandit as head of sovereign wealth funds and institutional client coverage, effective February 1, according to a memo confirmed Friday by a Deutsche Bank spokeswoman.

He will advise Asian-headquartered sovereign wealth...

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