Deutsche Bank picks up ex-Credit Suisse Hong Kong COO
If you’re an ex-Credit Suisse managing director (MD) who wants to join Deutsche Bank, the best time to do that was in 2023, when Deutsche was picking up scores of your colleagues. The second best time is now, apparently.
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Eric Whorton joined Deutsche Bank as a MD in its origination & advisory team this week. Whorton was out of the job market for a while – his last role, in 2024, was as chief operating officer for Credit Suisse in Asia Pacific. Whorton was made an MD in 2020 when he was Credit Suisse COO of investment banking and capital markets.
Investment banking revenue in Asia is picking up strongly in 2025 compared to a poor 2024. Market intelligence provider Dealogic notes that while global investment banking revenue is down 1% year-to-date, Asia ex-Japan revenue is up 19%.
While Deutsche Bank isn’t hiring on the same scale as 2023, when it spent millions hiring former Credit Suisse people, it’s still growing. And it’s growing in Asia in particular – The Strait Times noted that of the 50 senior people in its investment bank that joined between July and November 2024, around a third were in Asia.
Whorton will probably find some familiar faces in the region. For example, he likely worked closely with Lim Zi-Kuan, the former Credit Suisse head of Southeast Asia M&A that joined Deutsche in 2023 to head up the bank's APAC M&A practice. Whorton is also probably familiar with Rui Wang, the Hong Kong-based Deutsche head of investment banking coverage & advisory for Greater China who was also at Credit Suisse at the same time as him.
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