Deutsche Bank has made a number of new appointments to expand its global transaction banking (GTB) franchise in Asia.
Shivkumar Seerapu has been appointed as global product head of financial supply chain and regional trade product head for Asia. Eric Koo has been named head of global transaction banking, Hong Kong. Mrugank Paranjape assumes the role of head of domestic custody services, South and South East Asia. Ridzal Sheriff is head of global transaction banking, Malaysia, and Jacqueline William is chief executive officer of Deutsche Trustee Malaysia Berhard (DTMB).
Shivkumar Seerapu, currently the regional product head for trade finance, Asia Pacific, Deutsche Bank, has taken on the additional role as the global product head of financial supply chain. He will continue to be based in Singapore.
Based in Hong Kong, as head of global transaction banking, Hong Kong, Eric Koo will be responsible for spearheading Deutsche Bank’s transaction banking strategies and aligning its business plans with the region’s priorities. Koo joined Deutsche Bank in 2006 as head of trade finance and cash management corporates in Hong Kong, where he has successfully built a strong team focused on acquiring high-quality clients and capturing trade flows across Greater China whilst positioning Deutsche Bank as a strategic partner for regional treasury centres in Hong Kong.
Mrugank Paranjape, head of domestic custody services, India, will now assume additional responsibilities as head of domestic custody services, South and South East Asia with immediate effect. The countries under Paranjape’s remit are India, Indonesia, Malaysia, Pakistan, Singapore, Sri Lanka, Thailand and Vietnam. Paranjape will continue to be based in Mumbai.
Ridzal Sheriff, currently the chief executive officer of DTMB will succeed Rojeanne Sen as head of global transaction banking and domestic custody services for Deutsche Bank in Malaysia. Sen, who has been with Deutsche Bank for 15 years will be retiring in November 2009. Sheriff joined Deutsche Bank in 2007. In his new appointment, Sheriff will focus on growing the bank’s transaction banking franchise in Malaysia through quality client acquisitions and targeted market expansion. He will be based in Malaysia.
Jacqueline William, previously the head of client services for Deutsche Bank’s domestic custody services business in Malaysia will succeed Sheriff as the chief executive officer of DTMB. In her new role, William will continue to drive strategy and grow the DTMB franchise.
Thomas DuCharme, regional head of global transaction banking, Asia ex-Japan, Deutsche Bank, comments: “We are convinced Asia will represent a disproportionate amount of growth in trade finance, cash management and custody in the coming years, so are very pleased to position our high calibre talent to capture this next phase of growth in the region.”