Deutsche Bank loses key banker to Citi

Wei Wei Zhao, a key member of Henry Cai's China investment banking team at Deutsche Bank, has been hired by Citi, sources said.

Zhao has been appointed as a managing director of Citi's China investment banking team, working under Rodney Tsang and Eugene Qian, co-heads of global banking for China. She will focus on covering industrial sectors in China and will be based in Hong Kong.

Zhao joined Deutsche Bank's China investment banking team in 2010 from UBS in a move following the high-profile transfer of Cai, who had been hired by the German bank as chairman of corporate finance for Asia.

Cai...