Deutsche Bank loses two corporate finance heads

Douglas Morton and Venky Vishwanathan have been placed on leave from Deutsche Bank, part owner of Hua Xia Bank, which has recently come under official scrutiny.
Hua Xia's vice president Wang Yaoting is under inspection
Hua Xia's vice president Wang Yaoting is under inspection

Two of Deutsche Bank’s investment banking heads have been put on leave, according to a source close to the company.

Douglas Morton, who worked out of Hong Kong and oversaw its investment banking unit, and Venky Vishwanathan, who was based in Singapore and led capital markets activities, are now on leave, the source said.

The departures of Morton and Vishwanathan, co-heads of corporate finance in Asia at the German bank, come two-and-a-half weeks after the Beijing branch of China’s anti-corruption body opened a case against a vice president of Hua Xia Bank, which is part-owned by Deutsche Bank.

Deutsche Bank declined to comment.

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