Deutsche's Southeast Asia IB head leaves

Deutsche Bank's head of investment banking advisory and coverage in Southeast Asia Parvati Banati has left the bank, according to a person familiar with the matter.

A spokeswoman for Deutsche Bank in Singapore declined to comment.

Banati is based in Singapore. Before joining Deutsche Bank in 2010 she was at UBS.

Her last position at UBS was as joint head of corporate finance for Southeast Asia. Banati was named co-head of investment banking for Singapore and Malaysia in 2008.

According to her LinkedIn profile she joined the Swiss bank in 1996.

Banati's departure comes at a time of declining merger & acquisition volumes in the region.

Southeast Asia targeted M&A volume totals $31.6 billion so far this year, down 19% on the $38.9 billion announced during the same period last year and the lowest year-to-date level since 2009.

Singapore is the top-targeted country for M&A with $14.4 billion of deals, down 27% from last year.

In contrast, Southeast Asia G3 DCM volume has increased 34% year-on-year to $37.3 billion in 2015, the highest year-to-date level on record.