Deutsche AWM to open desk in Hong Kong 17 September 2014Hong Kong Reporter: Stephen Durham
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Deutsche Asset & Wealth Management (Deutsche AWM) is to open a new securities lending desk in Hong Kong in order to better service the needs of clients in local Asia Pacific markets.
Vice president Mike Steinbrecher has been relocated to Hong Kong as of 1 September 2014 to provide dedicated Asia Pacific coverage and run daily trading operations.
Global coverage, excluding Asia, will continue to be performed out of the Frankfurt office.
Dirk Bruckmann, global head of securities lending for Deutsche AWM, commented: “This is Deutsche AWM's first overseas securities lending desk and demonstrates both our commitment to the securities lending business and the importance of Asia as a region to Deutsche AWM.”
“The new desk will serve to open up new markets for our business, including Taiwan, that will coincide with the launch of our Hong Kong desk. We look forward to strengthening our relationships with existing borrowers and developing relationships with new borrowers.”
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