• 25 Jun 2014 at 10:54 AM

Deustche Bank Asia Hemorrhaging Pitch Book-Makers

DB junior bankers are reportedly accepting opportunities elsewhere en-masse.

Deustche Bank lost about 26 junior bankers in Hong Kong over the past four months, the biggest number of such departures from the firm in Asia in at least five years, two people with knowledge of the matter said. The employees, including four directors and four vice presidents, began leaving voluntarily in late February after receiving their bonuses, the people said, asking not to be named because the matter is private. The departures came as Deutsche Bank added nine managing directors over the past 12 months in Asia, said Michael West, a Hong Kong-based spokesman…The departure of junior bankers would “greatly impact deal-pitching and deal-making capabilities,” said Alice Leguay, chief operating officer of London-based Emolument Ltd., which tracks bonuses and salaries for finance and legal professionals. “More senior bankers are already stretched and are unlikely to be able to pick up the slack” at most banks, she said.

Deutsche Bank Said to Lose 26 Junior Bankers in Asia This [Bloomberg]

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Comments (4)

  1. Posted by Guest | June 25, 2014 at 11:17 AM

    Nothing deflates a VP's ego quicker than confirming he's a junior banker.

  2. Posted by Guest | June 25, 2014 at 11:48 AM

    probably a place they don't refer to directors as "junior bankers"

    -senior banker, barclays

  3. Posted by DB MD | June 25, 2014 at 2:06 PM

    How will we make hamburger without more gristle?

  4. Posted by Puck It | June 25, 2014 at 3:21 PM

    I bet "your dick so tiny" from Me So Horny would do it faster