Deutsche Bank loses ECM syndicate banker

Hemant Sabherwal, a senior banker in Deutsche Bank’s equity syndicate team in Hong Kong, has departed after five years, a source familiar with the situation told FinanceAsia.

Sabherwal is the latest in a string of bankers to leave the German bank's syndicate desk in the past 12 months. The bank’s head of equity syndicate, Sumeet Puri, left earlier this year, while director Yeone Fok departed last year.

Deutsche Bank appointed former Goldman Sachs executive director Simon Galvin to replace Puri and lead the equity syndicate team. On the deal origination front, the bank also hired Jason Cox from Bank of America Merrill Lynch,...