Deutsche continues to lure bankers from UBS

Charlie Ye moves to the German bank to become head of global rates trading in China.
Deutsche Bank has hired Charlie Ye as a managing director and head of global rates trading in China. Ye, who has more than 15 yearsÆ experience of capital markets and derivatives, joins from UBS where he was head of fixed income for China.

He becomes the fourth banker in just over a week to join Deutsche from its Swiss rival, following the appointments last week of Heidi Yang, Danny Lee and Johnson Ngie. Those three joined DeutscheÆs corporate advisory group for Asia (to be lead by Yang) and will focus on equity capital markets, advisory execution and China-related deals.

Ye, whose appointment is effective immediately, will be responsible for growing DeutscheÆs renminbi-denominated interest rate products offering and for expanding its local client base. On top of that, he will be making a broader range of the bankÆs global interest rate products available to its clients in China.

He will be based in Shanghai and report to Feng Gao, head of global markets China, and to David Lynne, head of global rates for Asia ex-Japan.

ôSince opening a rates trading desk in Shanghai in 2004, Deutsche Bank has grown to become one of the leading foreign fixed income houses in China. [YeÆs] appointment will further strengthen this position and benefit those clients who require specialist rates structuring to meet their investment and risk management needs,ö Gao says in a written comment.

Prior to joining UBS, Ye was head of sales and trading at BOC International. He began his banking career with Salomon Brothers in 1993 and has also held senior positions at RVI Advisors and J.P. Morgan.
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