Credit Suisse and Deutsche appoint new Asia commodity heads

Gunnar Hoest switches to Deutsche from Credit Suisse, while the Swiss bank moves Alexander Toone from its London office to head up the Asia commodities business.
Alexander Toone, Credit Suisse
Alexander Toone, Credit Suisse

Credit Suisse and Deutsche Bank both announced the appointment of new commodities chiefs for Asia yesterday. The Swiss bank has lost Gunnar Hoest, who will start at Deutsche in late June as head of Asia commodities. To fill the gap left by Hoest, Alexander Toone will shortly move from Credit Suisse's London office to Singapore to become head of the firm's Asia-Pacific commodities business.

Commodity prices have surged across the board since the middle of last year, and Asia's demand for raw materials to fuel, feed and transport its growing and urbanising populations is as strong as ever. Not surprisingly, international banks identify the region as a key source for business.

At Deutsche, Hoest will...

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