Deutsche Bank hires Peter Tsao to head technology hardware unit

Deutsche Bank has hired Peter Tsao, former head of regional technology research at ING Barings, to help win new business from Asia's semiconductor, computer, and contract manufacturing companies.

Tsao, 37, was appointed managing director and head of technology hardware, a new position created to help Deutsche Bank compete for technology business with the big US investment banks such as Goldman Sachs and Merrill Lynch.

Before joining Deutsche Bank Tsao worked at ING Barings, first managing the Taiwan equity team, then heading up its regional technology research team. He was recently named head of ING Baring's regional technology corporate finance division...