Deutsche Bank has appointed Marcus Sehr as its new global head of cash management for financial institutions. He has been at the bank for 12 years and was previously global chief operating officer. In his new role Sehr is responsible for overseeing Deutsche Bank’s cash management strategy, profit and loss, delivery of end-to-end solutions and risk management within the cash management for financial institutions business of the bank’s global transaction banking (GTB) arm. He is based in Frankfurt and reports to Satvinder Singh, Deutsche Bank’s global head of trust and securities services and cash management for financial institutions.
Meanwhile, John Ball has been appointed Deutsche Bank’s new global head of cash management for financial institution sales. He was previously the bank’s head of cash management for financial institutions for Asia-Pacific, a position he held for more than eight years. In his new role, Ball is responsible for driving cash management revenues globally in the financial institutions segment. He is based in Hong Kong and reports to Jim Turley, global head of financial institutions and securities sales and global chief operating officer for GTB at Deutsche Bank.
“John brings a wealth of experience into his new role,” said Turley. “His appointment enables the bank to further enhance our leadership in the institutional segment and will be instrumental in fostering closer partnerships with our institutional clients to further their success.
According to Deutsche Bank, both the new roles are part of a realignment process within its GTB division that will aggregate all trust and securities services and cash management for financial institutions businesses under the leadership of Singh. The bank says it will also align specialist sales activities within its financial institutions and securities business in to a new financial institutions and securities sales team led by Turley.
