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HONG KONG, Aug 2 - Deutsche Bank hashired former Orient Securities executive Albert Chang in HongKong, according to a memo seen by Reuters, as the Europeanlender rebuilds its equity capital markets operation in Asia.
Chang has been appointed to head the German bank's corporateadvisory group for the Asia Pacific region, the memo said.
He most recently served as the head of equity capitalmarkets at Orient Securities, said the memo from MayooranElalingam, Deutsche Bank's head of investment banking coverageand advisory for APAC.
The contents of the memo were confirmed by a Deutsche Bankspokeswoman, who declined to comment further on the appointment.
"As we continue to strategically invest in our EquityCapital Markets (ECM) offering in Asia, we will benefit fromAlbert's experience across both corporate finance execution andcapital markets advisory," the memo said.
Deutsche Bank has been rebuilding some of its ECM teamacross Asia after the business was scaled down as part of aglobal restructuring in 2019. REUTERS