Marilyn Spearing has been appointed Deutsche Bank’s global head of trade finance and cash management corporates for its Global Transaction Banking (GTB) area, effective August 15, 2006.
GTB covers Deutsche Bank’s cash management, trade finance and trust and securities services including domestic custody.
Spearing has over 25 years of experience in the banking industry. Most recently, she served as global head of sales for HSBC’s GTB franchise following her 10-year tenure as HSBC’s global head of payments and cash management.
Before that, Spearing held senior positions with Barclays global services division and Barclays de Zoete Wedd in New York. In addition, she serves on the board of Swift.
Meanwhile, Reinhard Uhl, former global head of trade finance, has become responsible for transaction banking in Germany, which includes cash and trade and also capital market sales.
Working out of London and Frankfurt, Spearing will report to Werner Steinmueller, head of GTB.
Steinmueller says: “Deutsche Bank’s transaction banking business is showing a solid performance in both revenues and profitability. It is a strategic business within the bank in which we are continuously investing to cement our global leadership. Marilyn Spearing is a recognised industry expert with the deep-rooted knowledge and experience that will allow us to strengthen our cash and trade penetration in each of the three regions where we operate: Europe, the Americas and Asia.”