The German lender has hired a senior corporate originator in South Africa – someone who sources clients and deal opportunities – and intends to further add to the team, country head Saloshni Pillay said in an interview. The focus is to build a deals hub for Africa as a whole, she said.
Pillay was hired by Deutsche earlier this year from South African bank Absa Group Ltd to rebuild after staff numbers fell during two waves of global reorganizations the lender carried out in 2018 and 2019. Early wins included advising on a $2 billion deal when DP World acquired Imperial Logisticcs Ltd.
The bank has gone from the 13th-biggest regional bond arranger in 2021 to number four this year, according to data compiled by Bloomberg. Last month, it assisted with a $1.5 billion loan facility for South Africa’s state-owned port and rail company Transnet SOC Ltd. There is also work underway to bolster Deutsche’s private banking and wealth business in Africa, Pillay said.
Source: News Formal (newsformal.com)
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