Deutsche Bank (DB) has hired Michael Sugirin as head of trade finance and cash management corporates, Indonesia and Runi Irnandari as head of multinational corporate coverage and account management services, Indonesia.

Sugirin will be responsible for expanding DB’s trade finance and cash management corporate platform, with emphasis on target market expansion and launching new products.

He has been with DB for nearly 15 years, and has held senior roles in cash sales in Jakarta, regional products in Singapore and most recently worked in the US with the financial supply chain platform and services.

Sugirin will report locally to the chief country officer for Indonesia, Suresh Narang, and regionally to Thomas DuCharme, regional head of global transaction banking, Asia.

Irnandari, who has over 17 years of corporate banking experience in Asia, recently joined DB from Citibank.

She will be responsible for managing and growing the bank’s multinational corporate coverage franchise in Indonesia, with focus on Indonesia-based clients.

Before her appointment at DB, Irnandari held relationship management roles in Indonesia and has been responsible for managing growth in a vast array of industry sectors including chemical, energy, mining, media, telecom and transportation.

Irnandari reports locally to Volker Bromund, head of corporate banking coverage for Indonesia.

Suresh Narang, DB’s chief country officer for Indonesia, says: “These new appointments reaffirm the bank’s continued commitment to Indonesia and will further strengthen our corporate banking services for clients based in one of the region’s key growth markets.”