Ian Long returns to ECM team at Deutsche Bank

Ian Long will return to Deutsche Bank in early February after a couple of years at Credit Suisse, taking up a position as an origination banker in the equity capital markets (ECM) team, according to sources. His focus will be on Chinese companies, which is in line with what he was doing at Deutsche before he left to join Credit Suisse in October 2007.

At Credit Suisse, Long was a director of the global markets solutions group in Asia with a focus on the equity capital markets in Southeast Asia. That role will be taken over by Manish Chhalani who has been named head of ECM for Southeast Asia, according to a spokesperson at the bank. Chhalani, who is a director and was previously head of Southeast Asia corporate finance, took up his new position on January 1.

Long, who is currently on gardening leave, will be based in Hong Kong and will report to Deutsche's two co-heads of ECM, John Lydon and Ashok Pandit. He will come on board at around the same time as another new addition to Deutsche's ECM team, Sumeet Puri, who was hired in November. Most recently head of ECM for India at Morgan Stanley, Puri will become head of ECM syndicate, replacing Jorge Munoz who is transferring to London later in the first quarter to head up equity syndicate for Europe.

Long began his investment banking career at Goldman Sachs in Hong Kong in 1997. He also worked for a few years at J.P. Morgan Securities before he joined Deutsche Bank the first time around. During that first stint at the German bank, he worked on the $22 billion initial public offering of Industrial and Commercial Bank of China, which remains one of the largest listings in the world.

Credit Suisse also had a strong year in Southeast Asia on Long's watch in 2009. The bank was involved in the two largest IPOs in the region, the $3.3 billion listing of Maxis in Malaysia and the $1.78 billion spinoff of CapitaMalls Asia from CapitaLand in Singapore. The bank was also the sole bookrunner on a convertible bond for CapitaLand, breaking into an account that historically has given most of its ECM business to J.P. Morgan.

Chhalani, who is replacing Long, joined Credit Swiss in 2007 and since then he has led many of the ECM transactions for the bank's Southeast Asian clients, including Maxis, AirAsia, Ezra Holdings, Raffles Education and Bumi Resources.

In his new role, Chhalani will report to Mervyn Chow and Zeth Hung, who are co-heads of ECM for non-Japan Asia.

Credit Suisse finished 2009 in sixth place in the ECM league tables for Asia ex-Japan. Deutsche Bank ranked 10th.