Heidi Yang joins as a managing director and head of Deutsche’s corporate advisory group for Asia, reporting to Alex Manson, head of global banking coverage for Asia-Pacific. Ms Yang was previously head of the Greater China corporate finance group at UBS.

Accompanying her from UBS are Danny Lee and Johnson Ngie, who join as directors in the same corporate advisory group. All three have already completed their gardening leaves and the appointments are immediate.

This trio is the latest in a string of investment bankers to leave UBS in Asia this year to seek out opportunities elsewhere. The Swiss bank cut close to 1,700 jobs within investment banking globally in the second quarter as it tried to counter its subprime-induced losses and there have been repeated rumours that the bank is looking to sell the investment banking unit altogether.