After 13 years at Deutsche Bank, its chief economist departs for the People's Bank of China.

Dr Jun Ma, the chief economist for Greater China at Deutsche Bank, has left the company, according to an internal memo seen by WealthBriefing Asia.

After thirteen years with the bank, Ma leaves his post as Greater China chief economist and head of the China and Hong Kong strategy to join the People's Bank of China as chief economist in its research bureau. This is a newly created post.

Prior to joining Deutsche Bank in 2000, Ma worked from 1992 to 2000 as an economist and senior economist at the International Monetary Fund and World Bank. From 1988 to 1990, he served as an economic research fellow at the Development Research Center of China's State Council.

The appointment complements the hire of Lu Lei as head of PBOC's research bureau in February 2014. Lei at the time was the president of the Guangdong University of Finance and, before that, served as an advisory economist for the central bank until 2005.