In the meantime, the news agency also reports that Credit Suisse has appointed its Southeast Asia CEO Helman Sitohang as the head of investment banking for Asia Pacific.
Finally, Bloomberg reports that Deutsche Bank is in talks with employee representatives on reducing headcount at its Sal. Oppenheim unit as the wealth manager will use more services offered by its parent.
The company will eliminate overlap between Sal. Oppenheim and Deutsche Bank over the next 15 months which will affect a 'significant' number of jobs, the Cologne, Germany-based division said Tuesday in an e-mailed statement. Deutsche Bank will seek to avoid forced firings, it said.
The German media is reported that up to 500 people could be impacted.