Deutsche Bank appoints Henry Cai Chairman of Corporate Finance, Asia and Head of the Corporate and Investment Bank, China
Deutsche Bank today announced the appointment of Henry Cai as Chairman of Corporate Finance, Asia and Head of the Corporate and Investment Bank (CIB), China. Mr Cai will join Deutsche Bank’s Asia Pacific Executive Committee and will be based in Hong Kong. Reporting to Robert Rankin, Deutsche Bank’s Chief Executive Officer, Asia Pacific his appointment will be effective October 4, 2010.
Announcing the appointment, Dr Josef Ackermann, Chairman of the Management Board and Group Executive Committee, said: “Henry’s appointment demonstrates our resolve to achieve top tier status in all our investment banking businesses in Asia and in the important China market where we already have a strong and rapidly growing platform.”
Anshu Jain, Global Head of CIB, said: “Without doubt Henry is one of Asia’s most prominent and successful bankers. Given that Asia and China are priority growth markets for the bank it seems particularly fitting that Henry’s appointment is one of the first of this seniority in our newly combined CIB business.”
Robert Rankin said: “Henry played an important early role in the development of China’s capital markets and has been involved in many landmark China and international transactions. He is uniquely placed to take both our Asia corporate finance and China investment banking platform to the next level. We want to further leverage the leadership position in our markets business in Asia into increased overall market share.”
Mr Cai had previously been the Chairman, Investment Banking, Asia at UBS, which he joined in early 2006. Prior to that Mr Cai held various roles between 1996 - 2005 at Peregrine, including Head of Asia Investment Banking at BNP Paribas Peregrine. From 1984 - 1996, Mr Cai had worked with the Shanghai Municipal Government and Shanghai Petrochemical.
Mr Cai was closely involved in many of the first wave of Chinese enterprises to be listed on the Hong Kong H-share market and US stock exchanges, including Shanghai Petrochemical, Tsingtao Beer, and Ma’anshan Steel. Mr Cai has a Bachelor of Journalism from Fudan University.
Deutsche Bank has built a highly successful franchise in China where all of its global business units are licensed to operate. Having first opened an office in Shanghai in 1872 and locally incorporated in China since 2008, Deutsche Bank has strategic equity stakes in - and partnerships with - Harvest Asset Management, Huaxia Bank and Zhong De Securities. The bank has participated in many of China’s largest cross-border transactions, including acting as underwriter on the marquee IPOs of Agricultural Bank of China, ICBC, Alibaba and China Life.
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Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 80,849 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
About Deutsche Bank China
Deutsche Bank (China) Co., Ltd. is a wholly-owned foreign-funded subsidiary of Deutsche Bank AG and is incorporated in the PRC. Headquartered in Beijing, Deutsche Bank China now operates branches and sub-branches in Beijing, Shang