In a statement, Deutsche said Noreddine Sebti will relocate to Hong Kong and assume a dual role as head of equities for Asia. The regional responsibility for the firmÆs equities business was previously handled by Colin Fan, who, according to an earlier announcement, is moving to London to become co-head of global credit trading.
As head of equities for Asia, Sebti will be responsible for the full range of the bankÆs customer-facing equity business, including cash equities, derivatives capabilities such as synthetic access to local markets, exotics and flow, illiquid equity derivatives trading and financing.
ôLocating a global business head in Asia clearly demonstrates the changing priority of global equity markets and the growing importance of the region for clients and our business globally,ö the firmÆs global head of equities, Yassine Bouhara, said in the statement.
Sebti will continue to report to Bouhara in his role as global head of equity trading, but will also answer to Loh Boon-Chye, head of global markets Asia, with regard to his new regional responsibilities.
Sebti joined Deutsche in 1998 and has held several senior positions in London and New York. He started his investment banking career at Credit Suisse in 1989 and has also worked at market-making firm Transoptions in both Switzerland and Germany.