Barclays Capital (BARC.L) has hired Sandeep Pahwa from Deutsche Bank (DBKGn.DE) as its new head of investment banking for Southeast Asia, sources said on Tuesday, as the British bank builds a deal-making team in the region.

Pahwa, who was last overseeing Southeast Asian investment banking at Deutsche Bank, will join Barclays in November, two sources familiar with the move told Reuters.

 

The sources declined to be identified because the hiring has not been made public yet.

 

Barclays and Deutsche declined comment.

 

Pahwa, a chartered accountant by training, joined Deutsche from HSBC (HSBA.L) three years ago where he was global sector head for media and telecoms. He had also worked for JPMorgan (JPM.SI) on Wall Street.

 

At Deutsche, he oversaw a team of bankers that made several deals in Asia including the sale of Indonesia’s Berau Coal (BRAU.JK) and PetroChina’s (0857.HK) acquisition of Singapore Petroleum.

 

The latest hire by Barclays comes a few months after it poached two Morgan Stanley (MS.N) M&A bankers in Asia.

 

This followed last year’s high profile hire of Morgan Stanley veteren Matthew Ginsburg as its head of investment banking for Asia-Pacific.

 

Pahwa’s departure comes six months after Deutsche hired Parvati Banati from UBS (UBSN.VX) as its new head of corporate finance execution for Southeast Asia and head of investment banking coverage for Singapore and Malaysia, one of the sources said.