Morgan Stanley Warns Against Overestimating EV Demand Boost from Rising Oil Prices 
Australia Extends Fuel Sulphur Relaxation Amid Iran War Supply Disruptions 
Gold Prices Drop as Oil Rally and U.S.-Iran Tensions Shake Markets 
AEVEX Raises $320 Million in IPO Amid Surging Defense Sector Demand 
Japan Inflation Expectations Rise as BOJ Rate Hike Timing Faces Uncertainty 
Eli Lilly in Talks to Acquire Kelonia Therapeutics for Over $2 Billion 
Oil Prices Plunge as Strait of Hormuz Reopens Amid U.S.-Iran Ceasefire Talks 
Uranium Bull Market Gains Momentum Amid Supply Deficits and Geopolitical Tensions 
Daikin Industries Stock Surges 14% After Elliott Investment Management Discloses Major Stake 
Indian Refiners Use Yuan via ICICI Bank to Pay for Iranian Oil Under U.S. Sanctions Waiver 
Elliott Investment Takes ~3% Stake in Daikin, Pushes for Buybacks and Strategic Overhaul 
TSMC Posts Record Q1 Profit Fueled by AI Chip Demand 
Apple Wins ITC Ruling, Keeping Blood-Oxygen Feature on Apple Watch 
Federal Judge Dismisses DOJ Lawsuit Attempting to Block Hawaii's Climate Case Against Oil Giants 
U.S. Stock Futures Fall as Iran Tensions Escalate and Oil Prices Surge 
Asian Currencies Rally as Dollar Weakens Amid Iran Ceasefire Hopes 
Oil Prices Dip as Middle East Peace Hopes Grow Amid Iran-U.S. Talks 
Deutsche Bank AG, a German investment bank and financial services firm, announced its return to the debt capital market (DCM) segment in South Korea. The company confirmed its re-entry to the local business on Monday, July 31.
According to The Korea Times, as Deutsche Bank is setting up its business again in the country, it has appointed the former head of Korea Debt Capital Market (DCM) for Mizuho Securities Asia, Adele Moon, to be the leader of DCM for Deutsche Bank Korea. In her new role, she is expected to lead the team in the expansion of the company’s client footprint. This is the bank’s first comeback in the Korean debt capital market since ending the service in 2018.
The Trade mentioned that the investment banking company initially established its operations in the region in 1978. When it landed, it offered various investment banking solutions such as corporate banking, fixed income and currencies, and focused equity capital markets business.
In any case, as it returns, Deutsche Bank also recruited Oh Shin Na for its investment banking team in Seoul. Her main job is to form and develop relationships with both corporate and international sponsors. Prior to joining the company, Oh worked at Credit Suisse and has some job experience with the Samsung Group, the Lotte Group, and Hyundai Motor Group.
“We are confident in the opportunity that South Korea holds and have expanded our investment capabilities accordingly,” Ahn Sung Eun, Deutsche Bank’s chief country officer for South Korea, said in a press release. “Our first priority is our clients, and we are pleased that we can offer them broad market access and expertise to help with their growth strategies.”
Haitham Ghattas, the head of capital markets for Asia Pacific at Deutsche Bank, further commented, “We are pleased to re-enter the South Korean debt capital market. This is an important step that will extend our regional DCM presence to eight geographic locations and enable us to support a wide range of South Korean clients in accessing global debt capital markets.”
Photo by: Mariia Shalabaieva/Unsplash
