Deutsche Bank has appointed Rob Ebert as head of its institutional client group -- equity, for Asia ex-Japan, according to an announcement. Ebert will transfer from New York where he has been head of the institutional client group -- equity, for North America since 2008.
The new job, which is based in Hong Kong, will make Ebert responsible for Deutsche's institutional equity sales platform in this region, which according to the announcement is climbing in the industry rankings and is gaining market share. The head of Deutsche's institutional client group and structuring for Asia ex-Japan, Bhupi Singh, noted in a written comment that Ebert has "driven a tremendous period of growth" for the bank's North American equity sales business and added that he is "the ideal candidate to lead [Deutsche's] platform towards its next stage of development".
While not spelled out, the hope is obviously that Ebert will be able to generate the same level of growth here in Asia.
"Asia is a key focus for our global equities business, where we continue to invest and build on the strong progress made to date," Singh said.
Although he has spent the past few years outside the region, Ebert is no stranger to Asia. He jointed Deutsche in 1996 as global head of Asia-Pacific sales trading and then moved on to a position as global head of sales trading based in Tokyo, before transferring to London as head of international programme trading sales. He subsequently combined this role with single stock sales trading and electronic sales to become the European head of execution services sales. He moved to New York in 2008 to take up his current job as head of the institutional client group for equities. In 2009 he was given the additional role of global head of execution services sales -- a job that he will keep after moving to Asia.
In his new role, Ebert will report to Singh and will work alongside Mark Davis, who is head of equity and equity-linked execution sales for Asia, and Tom Welch, who is head of fundamental equity sales for Asia ex-Japan. Davis and Welch are jointly responsible for leading the equity and equity derivative sales teams and will both report to Ebert.
Back in New York, Ebert's old job as head of the institutional client group -- equity, for North America, will be taken over by Derek Capanna, who will also retain his current responsibilities as global co-head of fundamental equity sales.