Deutsche Bank has poached Sumeet Puri from Morgan Stanley in India to head equity capital markets ECM syndicate for Asia. Sources close to the development say he will replace Jorge Munoz, who will relocate to London shortly to take on a role in syndicate for Europe.
Puri will be based in Hong Kong and will report to John Lydon and Ashok Pandit who are co-heads of ECM for Asia at Deutsche. Lydon and Pandit were appointed to their current positions in March 2008.
The move brings Puri full circle, back to Hong Kong where he previously spent nine years with Merrill Lynch. Puri was head of Asia execution and syndication when he transferred to Merrill's...
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