Deutsche Bank AG recruited Yusof Annuar Yaacob, Goldman Sachs Group Inc.’s Malaysia chairman for corporate finance, as its country head, according to four people with knowledge of the appointment.
Yusof Annuar, 48, will start work as the German bank’s chief country officer and head of Malaysian corporate banking and securities from the end of February, said one the people, who asked not to be named because the information is private. His appointment was approved by the nation’s central bank last week, one of them said.
Deutsche Bank is building its presence in Southeast Asia as economic growth in the region outperforms developed nations. The firm handled 208 million ringgit of equity-linked deals in Malaysia last year, ranking it sixth among foreign lenders, according to data compiled by Bloomberg. The amount is about a quarter of second-placed Goldman Sachs’s share, the data show.
Yusof Annuar, a former chief financial officer at Malaysian mobile-phone company Axiata Group Bhd., joined Goldman in November 2010. The New York-based bank helped manage some of the country’s biggest initial share sales last year, including offerings by Westports Holdings Bhd. and UMW Oil & Gas Corp.
Goldman also made about $500 million arranging three bond sales for state-owned 1Malaysia Development Bhd., a person familiar with the matter said in May 2013.
Candice Sun, a Deutsche Bank spokeswomen in Hong Kong, declined to comment by e-mail. Reuters first reported on the appointment yesterday.
Yusof Annuar is the latest in several recent key appointments by Deutsche in Southeast Asia over the past year. It also tapped Tan Boon-Kee, another former Goldman employee, as head of client coverage in the region.
Phumchai Kambhato, a former country head of investment banking at UBS, joined as head of Thai corporate banking and finance. Philip Lee, a former head of Southeast Asia investment banking at JPMorgan Chase & Co., is now the German bank’s vice chairman for Southeast Asia and Singapore head.
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