Deutsche Bank announced yesterday that it has lured three bankers from UBS to join its equity sales trading and electronic trading team in Asia.
Lee McQueen has been appointed director for equity sales trading and will be responsible for overseeing the sales trading function in Southeast Asia. Greg Lee joins as a director in the autobahn equity execution services team, with responsibility for sales of Deutsche Bank's electronic trading, direct market access (DMA) and equity algorithm platform. The platform is named autobahn equity and covers all key asset classes. Marcus Kwong arrives as a vice president and equity sales trader, covering institutional accounts in Hong Kong and China. All three appointments are effective immediately.
"Lee, Greg and Marcus bring a great deal of expertise to our Asian equities franchise, allowing us to take advantage of recent market dislocations to continue building market share," Denis MacCarthy, co-head of the Institutional client group for Asia, said in a press release.
Mark Davis, head of equity sales trading and equity derivative sales for Asia-Pacific, added: "These appointments further strengthen our regional equity franchise by allowing us to enhance information flow, product offering and service levels to our clients."
McQueen previously led equity sales trading for Southeast Asia at UBS in Singapore, where he was responsible for managing the bank's equity sales trading and execution platform for Singapore, Thailand, Indonesia, the Philippines and Malaysia. Before this, he was a senior sales trader in Hong Kong and head of execution for Asian equities. Prior to his 11 years at UBS, McQueen was a senior sales trader at Société Générale in Hong Kong and a sales trader at Kerry Securities in London. He began his career as an equity sales trader at Barings Securities in London in 1989. McQueen reports to Davis.
Lee previously led direct execution services (cash equities) sales for Asia at UBS, which meant he was responsible for the sale of DMA and algorithmic execution products. Prior to UBS, Lee was a business manager in the enterprise division at Reuters where he was responsible for the sale of algorithmic and electronic trading systems in Asia. Lee is based in Hong Kong and reports to Zach Tuckwell, head of programme trading, DMA and algorithmic trading sales for Asia.
Kwong was previously an equity sales trader at UBS in Shanghai and prior to that, in Hong Kong. He was responsible for developing UBS's A-share trading desk and Qualified Financial Institutional Investor (QFII) client base. Kwong is based in Hong Kong and reports to Davis.