IFR Magazine - October 27, 2018

0LEASEûCONTACTûUSûIFûYOUûHAVEûINFORMATIONûABOUTûJOBûMOVES [email protected]

People

Markets

„ Deutsche Bank’s
recently-listed asset
manager DWS named
Asoka Woehrmann as
chief executive, replacing
Nicolas Moreau a day
after reporting heavy
client outflows. DWS
said customers withdrew
€2.7bn in Q3.
Woehrmann, who joined
Deutsche 30 years ago,
was head of retail

banking in Germany and

will take on his new role

immediately. Moreau

has run Deutsche’s asset

managing arm for three

years and will remain at

the firm until the end of

the year. Deutsche also

said chief operating

officer Frank Kuhnke will

join its management

board from January.

„ CIMB GROUP has

appointed Mohd Nasir

Ahmad as its new

chairman. He replaces

Nazir Razak, the

brother of ousted

Malaysian Prime

Minister Najib Razak,

who has stepped down

after almost 30 years

with the bank, the last

four of which as

chairman. Nasir

Ahmad was an

independent director

at CIMB and chairman

of its audit committee.

He has also served as

chairman of Media

Prima, Malaysia’s

largest media

company.

„ Cindy Chen,

CITIGROUP’S head of

securities services for

Hong Kong, has left

the bank. Edward Tse,

product manager in

Citi’s custody and

clearing division, has

taken over her

responsibilities on an

interim basis. Chen

spent over 21 years

with Citi.

„ Kelvin Lim, a former

loan banker with

Citigroup, has rejoined

DBS BANK as

executive director in

Singapore. He will be

responsible for

origination of loans

from south and

southeast Asia. Lim

returned to DBS after

an 11-year stint with

Citigroup.

JP Morgan reshuffles healthcare

after co-head leaves

JP MORGAN has appointed Mike Gaito as
GLOBALûCO
HEADûOFûHEALTHCAREûINVESTMENTû
banking after Jeff Stute, who held that role,
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Weinberg Partners, people familiar with
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seeking to solidify its leading position in
DEALMAKINGûINûHEALTHCARE
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healthcare investment banking group
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BASEDû-ICHELEû

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year from Morgan Stanley, the sources told

2EUTERS

JP Morgan also appointed Phil Ross, who

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VICE

CHAIRMANûOFûINVESTMENTûBANKINGûWITHû

a focus on healthcare, according to the

SOURCES

JP Morgan and Perella Weinberg

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JP Morgan has advised on some of the

largest healthcare deals this year,

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(EALTHû5NIT

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healthcare bankers who have

decamped for Perella Weinberg in

the past few years, including

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Weinberg is gearing up for an initial

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SOURCESûHAVEûSAID

Greg Roumeliotis, Liana Baker

Morgan picked as Goldman co-head

of EMEA FICC sales

GOLDMAN SACHS named Sam Morgan
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and commodities sales for Europe,
Middle East and Africa, alongside
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Morgan will replace Carl Faker, who will
retire from the bank at the end of the year,
according to an internal memo obtained
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the international emerging markets
team, while Street will focus on credit,
mortgages, commodities, the pensions
and insurance services group and
the local markets emerging markets
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heads of the securities division Ashok

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INûTHEûMEMO

“His deep relationships across

the breadth of our client footprint

have been instrumental to both the

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Philip Scipio

Faker’s departure is the latest in

a series of changes as Goldman

restructures its FICC trading

group