Expanding Macquarie team in Singapore makes another big hire from Deutsche Bank

John Key, Deutsche Bank’s Hong Kong-based head of APAC equity sales trading, has moved to Macquarie in Singapore as a managing director.

Earlier this month Key joined Macquarie’s corporate solutions and financing unit, an origination team within the firm’s commodities and global markets division, which offers loans, bonds, securitisation, equity-linked and derivatives products. Macquarie did not respond to a request to comment on his move.

Corporate solutions and financing is headed up in Singapore by fellow Deutsche alum Simon Roue, who has been with Macquarie since May 2018, and was previously head of APAC debt capital markets and co-head of APAC corporate finance at the German bank.

Ex-Deutsche staff are well represented in Roue’s team. They include: managing director Tak Chai, directors Waiyin Lees and Patrick Wheen, vice president Boomish Gopalakrishnan, and associate Alfred Toh. Lees is based in Hong Kong, while the others are in Singapore. Most of them joined in mid-2018, just after Roue.

New Macquarie recruit Key spent just under seven years at Deutsche and came on board as APAC head of equity derivatives and convertible bond sales, a position he retained when he was also put in charge of APAC equity sales trading in June 2018, according to his LinkedIn profile.

A graduate of the University of York in the UK, Key began his career at KBC Financial Products in 2004 and worked there for six years, latterly as a director. Key then worked as an executive director at Daiwa Capital Markets in Hong Kong between 2010 and 2013.

He is not the most famous John Key to have worked in Singaporean banking. Sir John Key, Prime Minister of New Zealand from 2008 to 2016, was head of Asian foreign exchange at Merrill Lynch in Singapore in the mid-1990s.

Photo by Matthew McBrayer on Unsplash

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