A little less than two years after he assumed the role of Asia Pacific boss, Deutsche Bank has rewarded Lok Yim for staying with the platform through its most difficult times.
By Shruti Advani, Guest Contributor finews.asia
Lok Yim is now responsible for the emerging markets region as a whole encompassing Asia Pacific, the Middle East and Africa, in a newly-created position, the German lender confirmed.
Although unprecedented, the announcement will not surprise those familiar with Yim’s popularity amongst bankers and clients alike. Yim stepped in nearly two years ago after Asia head Ravi Raju defected to UBS. His primary task at the time was to prevent an exodus of talented private bankers for the Swiss rival.
The Asian unit overseen by Yim is the prime beneficiary of a hiring drive for Deutsche's private banking arm. The move is an attempt to lessen reliance on trading-heavy investment banking and pivot towards lower-volatility business with wealthy clients.
