Lloyds Bank has appointed Shivkumar Seerapu as head of its global transaction banking (GTB) business in Asia – a new role for the bank.

Seerapu joins from Deutsche Bank, where he was most recently regional head of trade finance, Asia Pacific. He has had a longstanding career at Deutsche Bank, and previously at Standard Chartered and ANZ Grindlays Bank, with numerous senior trade roles.

Seerapu starts in his new position on August 28. He will be based in Singapore and have the overall responsibility for the bank’s GTB business in Asia, reporting to Oliver Brinkmann, CEO of Lloyds Bank Asia and GTB International, London.

According to a statement from the bank, the hire represents a “key step” in the build out of the bank’s Asia commercial banking operations, which were set up in Singapore in 2015.

Brinkmann comments on the move: “Shiv brings with him a wealth of knowledge on transaction banking in the Asia region. This is an important appointment for Lloyds Bank in Asia as we continue to build a first-class corporate banking team; and I see transaction banking as a vital component in meeting the needs of our clients in the region as we continue to grow.”