According to rumors surfacing in Asia last week, Deutsche Bank's head of Asian securitization Raj Shourie has left the bank.

An official at Deutsche Bank declined to confirm or deny the rumor, stating only that the bank has a successful Asian franchise and will continue to commit resources to the ABS sector.

However, several rival bankers confirmed the news on Shourie's departure. It remains unclear whether Deutsche will replace him in-house or hire from another bank.

Shourie had headed the Asian ABS team since 2002 after joining from Barclays Capital. During his tenure, the bank arranged some innovative deals in Malaysia, Singapore and Taiwan.

He was also a regular feature on the Asian conference circuit, doing his bit to promote the benefits of securitization across the region.

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