McMurdo steps into Deutsche Bank's Asian void

The task facing the bank's Australia and New Zealand CEO is to revitalise the franchise after several high-level departures and a corruption scandal in China.

James McMurdo is Deutsche Bank's new head of corporate and investment banking for the Asia-Pacific region, according to an internal memo seen by FinanceAsia on Thursday.

His task now is to turn around a franchise hit by high-level departures and scandal, having already helped to revive Deutsche Bank's business in Australia and New Zealand.

McMurdo's promotion comes three months after FinanceAsia reported the departure of Bhupinder Singh, the former regional co-head of corporate banking and securities,

It also comes in the wake of an anti-corruption probe against the president of China's Hua Xia Bank,...

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