Depfa Bank yesterday formally opened its Hong Kong liaison office for its Depfa Investment Bank subsidiary. The office will be run by Denis Lazat and will complement the bank's existing office in Japan.
Depfa Bank is German listed but Dublin headquartered. It has three main lines of business budget financing for sovereign and semi sovereign borrowers infrastructure finance within public private partnerships and investment banking advice for the public sector.
The new office will be looking to find suitable avenues for these activities in Asia. Given the need for new infrastructure and the emergence of structural budget deficits across many countries, the timing looks to be right.