Deutsche appoints new head of trade and cash for corporates

Kaushik Shaparia has been appointed managing director and Asia-Pacific regional head of trade finance and cash management corporates at Deutsche Bank. This position was vacated by Thomas DuCharme who left Deutsche Bank in June to join J.P. Morgan as Asia-Pacific chief executive of treasury and securities services.

DuCharme previously held a dual role as head of global transaction banking and Asia-Pacific head of trade finance and cash management corporates at Deutsche Bank. It was decided to split the two roles after his departure to J.P. Morgan.

Shaparia was most recently head of Deutsche Bank’s global transaction banking operations in India and now relocates to Singapore, bringing with him more than 25 years of experience in cash and trade finance. He will lead a team of more than 300 and will report to Marilyn Spearing, Deutsche Bank’s global head of trade finance and cash management corporates, who is based in London.

“The appointment of Kaushik is key to the continued growth strategy for Deutsche Bank’s trade finance and corporate cash management business in Asia,” said Spearing, in a statement. “Kaushik’s extensive background in transaction banking will allow him to further extend Deutsche Bank’s leading solutions for working capital management and trade and transaction processing to our customer base in Asia.”

Shaparia assumes the responsibilities of Roger Packham who was acting head of trade finance and cash management corporates since DuCharme’s departure. Packham now resumes his usual role as Deutsche Bank’s regional head of trade finance with a focus on trade finance solutions. Deutsche Bank is still searching for a new head of global transaction banking.