Deutsche lures three Indonesia bankers from Merrill

Deutsche Bank has hired three ex-Merrill Indonesia coverage bankers to its capital markets and treasury solutions (CMTS) team. Indira Citrarini joined earlier this week as head of corporate finance for Indonesia. She replaces Djamal Attamimi, who was previously co-head of CMTS for Southeast Asia and head of corporate finance coverage for Indonesia. Attamimi left Deutsche Bank in August last year to join Nomura.

Siantoro Goeyardi and Kusnadi Pradinata also joined Deutsche Bank as director and vice-president respectively this week. Citrarini will report to Sreenivasan Iyer, head of CMTS, Southeast Asia. Iyer was previously a co-head of CMTS Southeast Asia with Attamimi, but was appointed sole head after Attamimi left.

Prior to her previous role as head of investment banking for Indonesia at Bank of America Merrill Lynch, Citrarini was head of Indonesia corporate coverage at Credit Suisse. Goeyardi and Pradinata, who both report to Citrarini, are new additions to Deutsche’s CMTS team and the trio will work alongside Deutsche Bank’s existing eight member CMTS team covering Indonesia. At Deutsche, CMTS is basically a coverage role that includes selling clients a wide array of products ranging from rates, forex, commodities and various financing solutions.

“Supporting the financing and risk management needs of Indonesia’s corporations remains a key focus. Indira and her team augment our already comprehensive coverage platform in Indonesia and provide strong scope for its continued growth,” said Venky Vishwanathan, head of CMTS for Asia at Deutsche Bank, in an internal memo seen by FinanceAsia.

In her new role, Citrarini is responsible for servicing and building the bank’s corporate client base in Indonesia by providing access to the full range of financing, risk management and transaction banking products and services.

“While Indonesia’s corporate sector continues to benefit from strong and stable rates of economic growth, high levels of volatility in global financial markets ensure [that] risk management continues to be a key priority for all corporations. Indira and her team will ensure our leading financing and risk management capabilities are made increasingly available to corporations in Indonesia, helping to minimise risk across commodities, forex, rates and debt markets,” said Iyer in the memo.