The head of Deutsche Bank's bond team in Malaysia, Mohamad Rashdan Ibrahim, left the bank last week and has been replaced by Peter Lim. Deutsche Bank spokesman Michael West would not comment on why Ibrahim has left the bank.
Rumours that his departure was due to regulatory investigation have been denied. I can confirm that there is no investigation by Bank Negara Malaysia, said West in a written answer to an e-mail question.
It is also denied that there is a link between his departure and a heavy loss the bank has taken on a July bond deal for YTL Power Generation. It is understood that Deutsche underwrote about half...
