Deutsche Bank set to expand investment banking remit in South Korea

With this expansion, the bank will have a debt capital markets (DCM) presence in eight geographic locations.

Deutsche Bank has re-entered the local DCM in South Korea as it expands its investment banking capabilities in the region in a bid to support its local clients in accessing global debt capital markets.

The bank initially launched operations in South Korea in 1978, with an offering comprising investment banking solutions including fixed income and currencies, corporate banking, and a focused equity capital markets business.

It also provides asset management services to its South Korean clients through Deutsche Bank subsidiary, DWS.

Sungeun Ahn, chief country officer for South Korea at Deutsche Bank highlighted that the bank is expanding its investment remit in recognition of the opportunities South Korea holds.

Through this expansion, the bank will have a dedicated DCM presence in eight jurisdictions. The South Korean remit is set to be enhanced through three strategic appointments to the business.

Adele Moon has been named as head of DCM for South Korea and tasked with expanding the bank’s offering in the country. She joins from Mizuho Securities in Hong Kong where she was most recently head of Korea DCM. 

A new chair of M&A for Asia Pacific has also been announced as the bank focuses on growing its franchise. Samuel Kim previously worked at Morgan Stanley in Hong Kong as chair of Asia M&A.

In addition, Shinna Oh will join the Seoul-based investment banking coverage team, joining from Credit Suisse.

Haitham Ghattas, head of capital markets for Asia Pacific at Deutsche Bank, emphasised the important steps being taken to extend the regional DCM presence: “[It will] enable us to support a wide range of South Korean clients in accessing global debt capital markets. I am confident that Adele’s leadership and expertise coupled with our strong local coverage will drive our business in South Korea forward.”