Deutsche finally confirms it has Steains

Two days after word leaked out, Deutsche has finally confirmed that ING BaringsÆs former M&A chief will join the German bank.

Two weeks ago Deutsches head of global investment banking Asia, Frank Nash told FinanceAsia I can commit to saying we will be a significant hirer in the upcoming months.

More like upcoming weeks. The former BT Alex Brown banker, who arrived in Asia in March 2000, is clearly not a man given to empty promises.

This week Nash managed to hire star MA banker Anthony Steains from ING Barings. Deutsche finally confirmed last night that Steains will join as a managing director and will be charged with building and running the firms MA effort.

It is a measure of Deutsches seriousness that it has chosen to hire...

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