Deutsche boosts global credit trading in China

The bank makes four new hires, including Jianyi Zhu who joins from Goldman Sachs to head up the team.
Deutsche Bank has made four new hires to bolster its global credit trading platform in China to cope with the growing funding needs of Chinese corporations.

Jianyi Zhu, previously executive director in the Asia special situations group at Goldman Sachs, will join Deutsche as a managing director and head of global credit trading for Greater China. Along with him, Sun Yong Hong and Rowena Yue will join the team as directors and Gavin Xing will join as vice president. All these positions are newly created.

Zhu, who takes up his new position in June, will be based in Hong Kong and will report to Chetankumar Shah, the bankÆs head of credit trading, CDOs and credit structuring in Asia, on issues related to CDOs and credit trading. For all other activities, he will report to Sajid Javid, managing director and head of global credit trading Asia.

ôThe funding needs of Chinese companies are extremely diverse. Our clients require a range of flexible financing options, from securitisation to commodity and structured finance, pre-IPO funding or access to private equity. As such, Deutsche Bank is expanding its global credit trading platform in China to better serve its existing client base and broaden the range of financing options available to Chinese corporations,ö says Javid.

ôOur clients in China will benefit greatly from Jianyi ZhuÆs comprehensive understanding of their financing and investment needs and his ability to provide a diverse range of financing options via Deutsche BankÆs leading global capital markets platform,ö he adds.

Having founded GoldmanÆs China team from his base in Hong Kong, Zhu has diverse experience in sourcing, evaluating, executing and managing investments across numerous asset classes and industries in China. During his years with the US investment bank, he took part in various Chinese transactions, including the bankÆs $25 million private equity investment in Suntech Power, which gave it a 10% stake of the company. He was also involved in the acquisitions of legal person shares in ZTE Corporation from a domestic shareholder in 2005 and of 10% in Western Mining Corporation from an offshore seller in 2006.

Sun was hired by Deutsche Bank last month from JPMorgan Chase in Beijing, where he was an executive director in the Asia special situations group. During his more than 13 years of work in Asian financial markets, Sun has held a variety of roles within fixed-income sales, debt origination and corporate finance.

Yue is a former director of the corporate finance and advisory group at Standard Chartered and has over 17 yearsÆ experience in Asian mergers and acquisitions. Meanwhile, Xing joined the bank last month from HSBC in Hong Kong where he was a director in the project and export finance group.

These three hires will form part of ZhuÆs Greater China team.
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