Deutsche hires Ajay Kapur as head of Asian equity strategy

Deutsche Bank has hired Ajay Kapur and two colleagues from Mirae Asset Securities to form a dedicated Asian equity strategy team, the German bank said in a release yesterday. Kapur, who is well-known in the region, has assumed the role of managing director and head of Asian equity strategy, while Priscilla Luk and Ritesh Samadhiya have been appointed director and vice president of Asian equity strategy respectively.

The trio has worked together for a long time, first at Citi, then at Hong Kong-based hedge fund First Horse Capital, which was set up by Kapur and other former Citi bankers in 2007, and also at Mirae Asset Securities, which they joined in July 2008. Kapur was...