Lo succeeds Clark de Waal who has decided to relinquish the position to focus on his role as head of global banking division - financial institutions, Asia Pacific. Lo joined Deutsche Bank in May 2002 from Bank of America where he spent 26 years in Hong Kong, New York and Toronto. Immediately prior to joining Deutsche, he was managing director and head of corporate banking, Hong Kong where he was responsible for major corporate and MNC coverage.
Lo's principle responsibility will be Hong Kong corporates and to handle the bank's relationship with local regulators.
No change in direction is anticipated at Deutsche given the bank's belief in its current strategy.
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