Deutsche Bank AG has named two new senior hires Friday, appointing David Lynne and James Boyle as its newest co-Heads of Global Markets for the Asia-Pacific (APAC) region – both Mr. Lynne and Boyle will step into their respective roles on February 1, 2017, according to a Bloomberg report.
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Mr. Lynne and Boyle will be succeeding Michael Ormaechea, Deutsche Bank’s Australia and New Zealand Chief, who stepped into the role back in February 2016. He had been with Deutsche Bank for over two decades and is now retiring next month, paving the way for the two new appointments.
Per the promotions, Mr. Lynne will still retain his responsibilities and mandate for APAC fixed income and currencies at Deutsche Bank, while Mr. Boyle will also still focus on equities in the APAC region. Mr. Boyle joined Deutsche Bank less than a year ago, serving as its co-head of its equity derivatives business.
The latest appointments also illustrate the bank’s emphasis on the APAC region, which has seen several hires in recent months. Conversely, the lender’s European operations has not faced the same fate, as the amount of talent leaving for different regions or companies has been on the uptick over the past couple years.