Deutsche Bank recently hired Edmund Chan, equity derivatives marketer at Merrill Lynch, in a similar role in its Hong Kong office. Officials familiar with the move said Chan has been brought in to boost the German bank's hedge fund sales coverage presence in the region on the back of renewed interest in the regional equity markets. He reports to Denis MacCarthy, head of institutional sales in Hong Kong. Both MacCarthy and Chan declined all comment.
At Merrill Chan reported to Nigel Beattie, head of sales in the global equity-linked products group in Hong Kong. Beattie said the firm has no intentions to directly replace Chan.
