Pacific Alliance hires 4 ex-Deutsche Asia bankers

HONG KONG, Sept 1 Mon Aug 31, 2009 11:47pm EDT

HONG KONG, Sept 1 (Reuters) - Pacific Alliance Group (PAG), an Asia-focused alternative investment manager, said on Tuesday that it hired four former senior Deutsche Bank (DBKGn.DE) executives to expand its distressed asset investment team.

The four former Deutsche bankers are Anshumann Woodhull, Kanak Kapur, Anil Gorthy and Stuart Blieschke and all the four worked at distressed asset investment-related divisions at the German bank in Hong Kong, according to PAG's announcement.

Among the four, Woodhull was formerly Head of Origination, Structuring and Special Situations in the Distressed Products Group at Deutsche Bank. Woodhull has more than 13 years of experience in reorganisation, restructuring and corporate workout.

Kapur was formerly Head of Asia Distribution in the Distressed Products Group at Deutsche Bank. He has more than 15 years experience in distressed asset and debt-related areas. (Reporting by George Chen, Editing by Jacqueline Wong)