Deutsche snags Ng

Deutsche Bank has broadened its commodity and FX sales team, luring Wayne Ng to its Hong Kong offices. With immediate effect, Ng will be a director in the institutional client groupÆs commodity and FX sales team, global markets China.

In what is a newly created role, he will report to Peter Clarke, the bank's Singapore-based head of FX sales Asia. The position will also entail working closely with Feng Gao, DeutscheÆs head of global markets China and comes as the firm looks to expand its client base for FX sales and commodities in China.

ôWe have seen substantial growth in our Chinese foreign exchange business following progressive moves by local regulators last year,ö says Gao. ôWayneÆs appointment ensures that Deutsche Bank is well placed to assist institutional clients who are looking to increase activity on the back of recent deregulation.ö

Ng shifts to Deutsche from JPMorgan Hong Kong. During his six-year tenure he marketed foreign exchange commodity and interest rate products to financial institutions across China and Hong Kong.