Senior bankers quit for rivals as Asia talent fight intensifies

Senior bankers in Asia are leaving for competitors at an intensifying pace as the job market heats up again on rising deal flow, people familiar with the matter said.

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While post-bonus job moves are common in banking, a resurgence in Asia-Pacific deals is sparking a fresh wave of poaching among the world's largest investment banks. Departures and hiring had slowed in recent years as geopolitical tensions and weaker growth in major economies cooled opportunities.

The shifts have hit across key coverage groups, from real estate to equity capital markets. Among them is Indran Thana, a 15-year UBS Group AG veteran and Asia head of real estate, lodging, and leisure, who resigned last week to join Citigroup Inc. Mr Thana will fill the vacancy left by Jonathan Quek, who departed for Jefferies Financial Group Inc.