Deutsche Bank’s Lai Replaces Elalingam as APAC Head of IBCM

Deutsche Bank AG named Joe Lai as head of investment banking and capital markets for Asia-Pacific, replacing Mayooran Elalingam as part of a senior leadership shake‑up in the advisory business, according to a memo.

Elalingam will focus on senior client relationships and strategy development across the region, according to the memo. A media representative at the bank confirmed content of the memo and declined to comment further.