Darcy Lai takes 15 to Barclays

Darcy Lai, Deutsche Bank''s former head of south Asian DCM, is joining Barclays -- and bringing 15 of his former colleagues along for the ride.

Lai was with Deutsche until about a month ago, departing the firm after an internal reconfiguration is said to have left him without a role. Previously, Deutsche had organized its debt capital markets business on a north - south axis, with Lai head of the south Asian team.

The removal of the split teams resulted in the appointment of two new DCM co-heads -- CH Tee the former head of North Asia and Rahul Mookerjee. Lai resigned shortly afterwards.

On Friday, 15 of Lai's former colleagues also handed in their resignations to stunned Deutsche executives. These DCM bankers were covering India, Indonesia, Thailand, Hong Kong and Singapore. They are all said to be...

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