Deutsche Bank has continued to revamp several components of its business in the New Year, with Jake Gearhart being appointed as the group’s newest Head of Debt Syndicate and Origination for Asia-Pacific (APAC) region, according to a recent Reuters report.
Mr. Gearhart is no stranger to the Debt Syndicate at Deutsche Bank – he served as the former head of the Emerging Markets Syndicate in the Americas after eventually shifting focus to the Global Risk Syndicate in Asia in 2012. Deutsche Bank opted for the most recent appointment to help shore up the departure of Herman van den Wall Bake, who parted ways with Deutsche Bank last month.
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In his new role as the APAC Head of Debt Syndicate, Mr. Gearhart will work in an expanded role that will encompass syndicate, fixed income, capital markets, and loans. Moreover, the scope of coverage will also include the APAC region, as well as Mr. Bake’s vacated ex-Japan coverage.
He will be based out of Singapore where he will be reporting to Deutsche Bank’s Simon Roue, the lender’s recently selected Debt Capital Markets (DCM) Head for APAC. The move is the latest to be announced by Deutsche Bank after it announced a series of changes to its business and debt business late last year.