Deutsche Bank expands investment banking capabilities in South Korea
Deutsche Bank today announced it is expanding its investment banking capabilities in South Korea and is re-entering the local debt capital market by making strategic appointments to the business.
The bank has hired Adele Moon as Head of DCM for South Korea, signifying its re-entry to the space after five years. Based in Seoul, she will focus on expanding Deutsche Bank’s client footprint, complementing its strong advisory business. Ms Moon will report regionally to Ed Tsui, Head of North Asia, DCM.
Adele Moon was previously Head of Korea DCM for Mizuho Securities Asia in Hong Kong. During her time there, she worked on a range of transactions for clients including KEXIM, KDB, Hana Bank, Hyundai Motors and Posco. Prior to Mizuho, she worked at Royal Bank of Scotland, Daiwa Securities and Salomon Investments & Securities in Seoul.
Deutsche Bank also recently hired Shinna Oh for its investment banking coverage team in Seoul, to further develop relationships with corporates and global sponsors. Shinna Oh joined from Credit Suisse and has worked with Samsung Group, Hyundai Motor Group and Lotte Group.
The bank has also appointed Samuel Kim as chairman of M&A for Asia Pacific, who will join from Morgan Stanley in Hong Kong. Mr Kim has extensive experience with South Korean financial sponsors and conglomerates and will bring deep relationships to the bank. He has worked with MBK Partners on a number of transactions and advised on the sale of Woowa Brothers and the acquisition of Hugel. He has also advised Carlyle on the sale of ADT Caps.
Deutsche Bank has a 45-year history in South Korea, after launching its local presence in 1978. The bank offers a range of investment banking solutions including financing, advisory, fixed income and currencies, as well as a focused equity capital markets business, in addition to debt capital markets. It also provides corporate banking (global transaction banking) as well as asset management through Deutsche Bank’s subsidiary, DWS.