DB - Deutsche Bank is poised to sponsor Hong Kong IPOs again - WSJ

Deutsche Bank (DB +0.4%) will once again be able to sponsor Hong Kong initial public offerings, as it has hired two IPO principals to fill a staffing gap that disabled the bank from sponsoring in June, the Wall Street Journal reports, according to a person familiar with the matter. The two new Hong Kong-based senior hires are Albert Chang as Head of Corporate Advisory Group for Asia Pacific and Derek Chung as Head of Financial Institutions Group for Asia, according to memos seen by the WSJ. The two will start their jobs before the end of the month, and require regulatory approval before the bank can resume sponsoring Hong Kong listing, the person told the WSJ. The bank can still act as an IPO underwriter, but not as a sponsor. In July, Deutsche Bank hires five wealth managers from UBS to expand its Swiss-based private banking business. Previously, (July 28) DB Q2

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Deutsche Bank is poised to sponsor Hong Kong IPOs again - WSJ