Deutsche may lose Asia forex lead on Jain's exit

Hong Kong

THE exit of Deutsche Bank co-chief executive Anshu Jain may see the lender surrender its strong position in Asia's fast growing foreign exchange and fixed income markets, with incoming CEO John Cryan expected to cut some of the capital-intensive businesses Mr Jain oversaw.

Deutsche was the joint No 1 dealer by market share in Asia's foreign exchange markets in 2014, excluding Japan, and third for fixed income, according to Greenwich Associates.