Deutsche Bank has appointed Werner Steinmueller to global head of transaction banking, cementing the bank's alignment of its cash management, trade, and trust & securities services business. The bank began the restructuring process at the end of last year and the appointment of Steinmueller to head the GTB operation marks the conclusion to the re-organization process.
Steinmueller has been with Deutsche Bank since 1991 and the role of global head of GTB is a newly created position. His function is to ensure a strong customer focus, enhance regional alignment and foster closer cooperation between the GTB businesses. He is based in Frankfurt.
Deutsche's Asian business units will ultimately report into Steinmueller via global business heads. The regional business heads include; Amita Jhangiani who runs trade finance; Jimmy Yap on corporate cash management; John Ball on cash management for financial institutions; and Thibaud de Maintenant who is head of product client management for domestic custody.
In their regional roles, these individuals also report into Singapore-based Roger Harrold who is the regional head of GTB Asia Pacific (excluding Japan) in addition to being the global head of the bank's domestic custody services. Roger Harrold reports to Steinmueller.
Steinmueller says, "We want to build on our established product expertise and our market-leading positions in the three regions where we operate: Europe, the Americas and Asia. Optimized coordination along both client groups - Corporates and Financial Institutions - will deliver a further strengthening of our strategic position in our home market Europe, as well as an increased market share in both Asia and the Americas."
