Deutsche Bank appoints Ajay Kapur as MD & head equity biz

Global financial major Deutsche Bank today said it has appointed Ajay Kapur as a Managing Director and Head of Asian Equity Strategy.

Besides, the bank has also roped in Ritesh Samadhiya, as Vice President of Asian Equity Strategy and Priscilla Luk as a Director of Asian Equity Strategy, Germany-based bank said in a statement.

Kapur, who is based in Hong Kong, will report to Guy Ashton, Global Head of Company Research.

In his new role, Kapur will be responsible for building Deutsche Bank's Asian equity strategy capabilities and research product offering. He joins Deutsche Bank from Mirae Asset Securities, where he was Chief Global and Asia Strategist.

"Ajay is one of the best-known and most respected names in the industry, having worked in equity research and strategy on both the buy and sell-sides since 1989. Along with Priscilla and Ritesh, Ajay is ideally-suited to build the region's leading equity strategy franchise," Ashton said.

Prior to Mirae Asset Securities, Kapur was Chief Investment Officer at First Horse Capital, after working as Citigroup's Chief Global Equity Strategist in New York and Chief Asia Equity Strategist in Hong Kong.

Both Samadhiya and Luk, who had worked with Mirae Asset Securities' Asian equity strategy unit, will report to Kapur.