Deutsche Bank Hires Credit Suisse’s Lai as Senior Dealmaker (1)

Deutsche Bank AG recruited Joe Lai from Credit Suisse Group AG as the German lender goes on a hiring spree this year to boost its ranks and take back market share from Wall Street rivals.

Lai will join in the coming months and become chairman of origination and advisory for Asia in the investment bank, according to an internal memo seen by Bloomberg News. He will be based in Hong Kong and responsible for further developing client strategy and advisory capabilities, the memo said.

Lai, who was Credit Suisse’s co-head of Asia-Pacific investment banking and capital markets, is among a ...