German lender Deutsche Bank AG has appointed Robert Huray as its new vice chairman for South-east Asia. Huray, an executive of CREDIT Suisse Group will begin his association with the Deutsche Bank in September.
In his new role, Huray will be responsible for focusing on large clients across Malaysia, Indonesia, and Singapore, as reported by the Bloomberg News query.
Huray re-joined Credit Suisse only last year after a brief stint at billionaire Robert Kuok’s Kuok Group overseeing the conglomerate’s investments in the region, according to his LinkedIn profile.
Previously, he worked as the chief executive officer of RHB Investment Bank Bhd. He had worked at Citigroup Inc. and DMG & Partners Securities Pte as well.
Earlier, UBS entered into an agreement to acquire its Zurich-based counterpart, Credit Suisse, for 3 billion Swiss francs ($3.31 billion), in a deal orchestrated by the government, central bank, and market regulator as a strategic measure to prevent a collapse in Switzerland's financial system.