Deutsche Bank has appointed Frank Wu head of trade finance and cash management corporates for Greater China. He has more than 17 years of banking experience and was previously the bank’s head of structured trade and export finance for China. Wu’s announcement follows the appointments of Satvinder Singh and Anjali Mohanty last month as global head of trust and securities services for Deutsche Bank’s global transaction banking (GTB) division and head of GTB India, respectively.
“Frank’s depth of experience and proven track record will be invaluable in further establishing Deutsche Bank as the partner of choice for both multinational and large, sophisticated corporations in realising their business growth aspirations both at home and in the international arena,” said Kaushik Shaparia, Asia-Pacific regional head of trade finance and cash management corporates at Deutsche Bank.
Wu is based in Shanghai for his new role and is responsible for leading the strategic growth plans for the bank’s trade finance and cash management business in mainland China, Hong Kong and Taiwan. He reports regionally to Shaparia.
“China is a key engine for growth for the bank’s global transaction banking franchise,” said Lisa Robins, Asia-Pacific head of global transaction banking at Deutsche Bank, who joined in July this year from J.P. Morgan. “Frank’s appointment as head of Greater China will ensure that the synergies across mainland China, Hong Kong and Taiwan are leveraged to support our clients’ needs and their growth potential.”
In a separate announcement, Deutsche Bank implemented a new integration solution for Sri Lanka’s largest mobile network provider, Dialog Axiata. According to Deutsche Bank, the solution enabled seamless, secure and direct connectivity between Dialog Axiata and itself through SAP NetWeaver Process Integration technology.
“Key driving factors behind Deutsche Bank’s suite of products and services is positive client experience based on secure and reliable communication and processing capabilities,” said Detlef Henkel, Asia-Pacific regional head of product management at Deutsche Bank. “Deutsche Bank’s solution for SAP NetWeaver Process Integration will allow our clients to improve their operational efficiencies and, in turn, their working capital management.”
