Deutsche Bank has appointed Burkhard Ziegenhorn to the newly-created role of global transaction banking (GTB) head of Southeast Asia (Asean countries), effective June 1.

 He will be based in Singapore and report to David Lynne, head of GTB, Asia Pacific. 

Burkhard has held a number of senior positions at Deutsche Bank since joining in 2002, before assuming his current role as head of GTB business management in Frankfurt in 2016. His previous positions have included serving as COO for GTB, CEO of Deutsche Bank Nederland and head of GTB in Latin America.

Burkhard will be replaced as head of GTB business management by Paul Maley, who currently serves as KYC business lead for corporate and investment banking.

In a statement on the new Asia-focused appointment, Stefan Hoops, head of GTB at Deutsche Bank, says: “Asia is one of our growth engines and Asean has clearly become a key market for us in this region.

“With rising geopolitical uncertainties across the world, our clients are more focused than ever on Southeast Asian countries and we see an increasing demand for many of our core products and services such as FX hedging, trade finance and cash management solutions in the Asean region.”