BNP, Deutsche Bank hire, UBS fears

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Morgan Stanley global head of rates strategy, Laurence Mutkin, has left the investment bank to join BNP Paribas.

The Wall Street Journal's MoneyBeat column reports that Mutkin left the bank on July 4, according to the U.K.’s Financial Services Register.

In the meantime, Reuters reports that Deutsche Bank has poached UBS's veteran head of investment banking in Thailand, Phumchai Kambhato, in a push to take advantage of Thai companies' growing appetite for overseas deals, sources with knowledge of the matter said.

Thailand firmly emerged on Southeast Asia's investment banking map last year when Thai companies launched a record $24.7bn worth of outbound M&A, more than the combined total of the previous 10 years.

Finally, the news agency also reports that UBS shareholder Knight Vinke Asset Management said possible losses in the Swiss bank's investment banking arm remained a threat to its 'very valuable' wealth business, despite posting forecast-beating second quarter profits on Monday.

Morgan Stanley Rates Strategy Chief Heads for BNP Paribas

Deutsche hires UBS head of Thai investment banking - sources

Knight Vinke says still fears for UBS wealth business

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