According to the firm, the new post holder worked on many of the first listings of Chinese customers on the US stock exchange and Hong Kongâs H-share market.
The banker, who joins Deutsche Bank from UBS where he had been chairman of investment banking for its Asian unit, will take up the post in October and report to Robert Rankin, the bankâs chief executive officer in the Asia-Pacific.
Josef Ackermann, chairman of the Management Board and Group Executive Committee, said: "Henry's appointment demonstrates our resolve to achieve top tier status in all our investment banking businesses in Asia and in the important China market where we already have a strong and rapidly growing platform."
Robert Rankin added that Mr Cai has been involved in many of Chinaâs âlandmarkâ and âinternationalâ transactions.
Prior to UBS, the executive worked as head of Asiaâs investment banking business at BNP Paribas Peregrine and with the Shanghai Muncipal government.
Meanwhile, Mr Ackermann said in an interview with the Wall Street Journal that the implementation of new legislation in Europe and the US will lead to Asia becoming a more important territory for the financial industry.
By Jim Ottewill