Deutsche Bank has appointed Jens Ruebbert to head its business in Vietnam, continuing the bank’s investment in senior-level staff across the region.
Ruebbert was previously chief operating officer for Deutsche in China and in his new role will assume the titles of chief country officer and head of global transaction banking, replacing Tri Pham.
A German national, Ruebbert has risen through the ranks and brings extensive experience of working within Deutsche. He also has substantial Asia experience, having worked for the bank in Hong Kong, Singapore and China.
In his capacity as country chief, Ruebbert will report to Gunit Chadha and Alan Cloete, co-chief executives for Deutsche in Asia Pacific. He will report to regional head Lisa Robins on the transaction banking side.
“[Ruebbert’s] appointment clearly underlines our commitment to developing a successful franchise in Vietnam, which is a growth market for both our clients and the bank,” said Chadha in a statement.
The appointment is part of an effort to bring senior talent to the bank’s franchise in the region. In April, the bank’s hiring of Kunardy Lie from Citi marked the seventh chief country officer appointed in the region during the past two years, after similar appointments in Singapore, Malaysia, Korea, Japan and India, as well as for Australia and New Zealand.
A spokesman for the bank said that it had not yet announced a replacement for Ruebbert in the China COO role.
Deutsche has more than 70 staff in Vietnam, with offices in both Hanoi and Ho Chi Minh offering a multi-faceted investment banking operation.
