People and placesThis article was originally published in The Public Ledger
DEUTSCHE Bank has poached Gunnar Hoest from Credit Suisse to be managing director and new head of commodities for Asia from June. He will relocate to Singapore from Hong Kong. Simon Grenfell, current head of commodities for Asia at Deutsche, will relocate to London and take on a role as global head of metals sales and origination. In response, Credit Suisse named Alexander Toone as its new head of commodities in Asia-Pacific, overseeing all aspects of sales, structuring and trading, as well as its commodities alliance with Glencore.