Deutsche appoints co-heads for Asia prime fin unit

Deutsche Bank said on Tuesday it had appointed David Murphy and Nathan Davison as co-heads of its prime finance unit in Asia as it looks to take a bigger share of the market amid the ongoing recovery in the hedge fund industry.

Davison who will join Deutsche Bank in November is moving from Merrill Lynch in London where he was a managing director while Murphy has been with Deutsche Bank since 2002, working in London and more recently New York where he was managing director.

Both Murphy and Davison will be based in Hong Kong and report to Matt Press, head of global equities, Asia and Jonathan Hitchonand Barry Bausano, co-heads of global prime finance, said the German bank in a press release.