Deutsche Bank hires Michael Leung from UBS

Leung will head up the bankÆs asset-backed securities trading division in non-Japan Asia.
Deutsche Bank has appointed Michael Leung as director and head of asset backed securities trading in Asia ex-Japan. Leung was most recently executive director of the fixed-income division at UBS in New York.

In this newly created position, Leung will work with the global credit trading product group, focusing on all classes of asset-backed securities, including residential mortgage-backed securities.

Based in Singapore, he will report regionally to Greg Park, the bankÆs head of securitisation in Asia ex-Japan, and Chetankumar Shah, head of credit trading, CDOs and credit structuring in Asia. He will also report globally to Hyung Peak, the bankÆs managing director of residential mortgage-backed securities in New York.

ôMichael has enormous experience in structuring and originating mortgage-backed securities, which will be of great benefit to AsiaÆs developing securitisation market,ö says Sajid Javid, the bankÆs head of global credit trading for Asia, in a written statement.

Leung brings with him over 14 years of experience in ABS and MBS markets, holding various origination, structuring and research-related roles. At UBS he was in charge of the bankÆs non-agency mortgage structuring business as well as various MBS- and ABS-related proprietary trading desks.

Deutsche BankÆs global credit trading business provides corporations and banks with a range of funding and capital management strategies through ABS and MBS markets worldwide.
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