Daniel Schmand has been appointed chair of the International Chamber of Commerce (ICC) Banking Commission, effective May 1, for a three-year term.

He succeeds Tan Kah Chye, who, as reported this week by GTR, has left JP Morgan. Tan, who had chaired the commission since 2010, will be taking on a new role as chair of the ICC Academy.

Schmand is managing director and head of trade finance and cash management corporates for Europe, the Middle East and Africa at Deutsche Bank’s global transaction banking (GTB) division. He is also responsible for the global co-ordination of the bank’s trade finance activities.

Schmand was appointed vice-chair of the ICC Banking Commission responsible for supply chain finance in 2012.

ICC secretary general John Danilovich comments on the move: “I have every confidence that Daniel’s leadership and extensive experience will greatly benefit the ICC Banking Commission as it continues expanding into new areas to serve world business. As the commission builds on a fruitful 80-year history of successful rule-making, we very much look forward to having him on board, to take the work of the commission forward and adapt to changes taking place in financial markets.”