Borda makes a break for the Middle East

Deutsche Bank''s former chief executive for Asia-Pacific is shifting to Dubai to develop the bank''s business.

Deutsche Bank has made a key strategic move by appointing Kenneth Borda as its CEO for the Middle East and North Africa. His appointment follows an annoucement in March by DB chairman Josef Ackerman, who said the group plans to develop the Middle East and North Africa region.

Borda will take up his new position at the beginning of May and report to Juergen Fitschen, a member of Deutsche Bank's group executive committee, who is also responsible for regional management. He will continue to hold the position of chairman, Asia-Pacific.

Prior to the appointment he was also DB's chief executive in Asia-Pacific, a role he held...

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