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Deutsche Bank AG, a German investment bank and financial services firm, announced its return to the debt capital market (DCM) segment in South Korea. The company confirmed its re-entry to the local business on Monday, July 31.
According to The Korea Times, as Deutsche Bank is setting up its business again in the country, it has appointed the former head of Korea Debt Capital Market (DCM) for Mizuho Securities Asia, Adele Moon, to be the leader of DCM for Deutsche Bank Korea. In her new role, she is expected to lead the team in the expansion of the company’s client footprint. This is the bank’s first comeback in the Korean debt capital market since ending the service in 2018.
The Trade mentioned that the investment banking company initially established its operations in the region in 1978. When it landed, it offered various investment banking solutions such as corporate banking, fixed income and currencies, and focused equity capital markets business.
In any case, as it returns, Deutsche Bank also recruited Oh Shin Na for its investment banking team in Seoul. Her main job is to form and develop relationships with both corporate and international sponsors. Prior to joining the company, Oh worked at Credit Suisse and has some job experience with the Samsung Group, the Lotte Group, and Hyundai Motor Group.
“We are confident in the opportunity that South Korea holds and have expanded our investment capabilities accordingly,” Ahn Sung Eun, Deutsche Bank’s chief country officer for South Korea, said in a press release. “Our first priority is our clients, and we are pleased that we can offer them broad market access and expertise to help with their growth strategies.”
Haitham Ghattas, the head of capital markets for Asia Pacific at Deutsche Bank, further commented, “We are pleased to re-enter the South Korean debt capital market. This is an important step that will extend our regional DCM presence to eight geographic locations and enable us to support a wide range of South Korean clients in accessing global debt capital markets.”
Photo by: Mariia Shalabaieva/Unsplash
