Deutsche Bank Nabs Merrill Prime Brokerage Exec.

Feb 14 2008 | 12:11am ET

Deutsche Bank has launched the latest salvo in the Asian prime brokerage arms race, hiring Harvey Twomey from Merrill Lynch.

Twomey, who served as head of Pacific Rim equity financing and sales at Merrill, is the second high-profile departure from the firm’s Asian prime brokerage in as many months. Melvyn Ford, who headed its efforts in the region, left the firm in January.

Twomey will be a managing director and head of global prime finance sales in Asia at Deutsche Bank, based in Hong Kong, Reuters reports. He is set to start in April.

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