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People Moves: Deutsche names new APAC corporate & investment banking chief; Barclays appoints new head of semiconductor research
Deutsche names James McMurdo APAC CIB chief. McMurdo, who will remain as the bank’s chief executive in Australia “until further notice,” will be replacing 25-year Deutsche Bank veteran John McFarlane. Prior to joining Deutsche, McMurdo was co-head of investment banking for Goldman Sachs in Australia and New Zealand, and worked on the firm’s sponsors group in London and the Middle East even before. He will be based in Hong Kong and will report to Gunit Chadha, chief executive of Asia Pacific, as well as to Jeff Urwin, the head of the corporate and investment bank. Sydney Morning Herald/Wall Street Journal
Soc Gen appoints James Shekerdemian head of APAC prime services. Shekerdemian, the French bank’s current global head of prime brokerage sales, will be succeeding Laurent Cunin, who is said to be pursuing other opportunities. He will continue to be based in Hong Kong and will report locally to Frank Drouet, the firm’s Asia-Pacific head of global markets, and globally to Chris Topple and Christophe Lattuada, Soc Gen’s co-heads of prime services. Asia Asset Management
Barclays names Bruce Lu head of semiconductor research, Asia ex-Japan. Lu, an old hand in the semiconductor industry, will be taking direct responsibility for the firm’s Greater China technology semiconductor team. He joins Barclays from CLSA, where he held a similar role, and reports to Bhavtosh Vajpayee, Managing Director, Head of Equity Research- Asia ex-Japan, according to a memo seen by NexChange.