Deutsche Bank Rejigs Asia Debt Team as Whitcroft Heads to U.S.

Deutsche Bank AG is reorganizing its debt team in Asia as Mark Whitcroft, a syndicate director in Singapore, relocates to the U.S.

Guillaume Du Cheyron, who most recently worked in Citigroup Inc.’s origination team in Hong Kong, joins the German lender as a director in fixed-income capital markets, according to an e-mailed statement from the bank. Haitham Ghattas, current co-head of leveraged debt capital markets for Asia, has been appointed as Asia head of high-yield syndicate, effective July 1, according to the statement.

“These moves to augment Deutsche Bank’s origination and syndication of Asian fixed-income ensure we continue to offer our best-in-class advisory and execution services to both corporate and institutional clients,” Herman van den Wall Bake, the Asia head of fixed-income capital markets, said in the release.

Deutsche Bank’s latest reorganization follows van den Wall Bake’s appointment last year after Patrick Tsang left the lender. The bank relocated Jake Gearhart to Singapore from New York shortly after as the head of global risk syndicate for Asia. Whitcroft is now heading in the opposite direction, to focus on U.S. corporate debt syndication in New York, according to the statement.

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