Deutsche Bank said yesterday that it has hired Henry Cai as chairman of corporate finance for Asia and head of the corporate and investment bank CIB in China, confirming a rumour that started swirling shortly after Cai resigned from UBS at the end of June.
Cai, who was chairman of Asia investment banking and head of China investment banking at UBS, let it be known through sources at the time that he was looking to take a break from the industry and colleagues initially said they didn't think he would join a rival, but perhaps take a job with a state-owned enterprise SOE or start a private equity fund.
However, just days later, market...
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