Deutsche Bank has appointed Satvinder Singh as global head of trust and securities services (TSS) for its global transaction banking (GTB) division, and Anjali Mohanty as head of GTB India. Singh will join the bank’s GTB division, which employs more than 5,000 staff in 45 countries worldwide, in mid-November and will be based in London. He will become a member of the GTB executive committee and report to Werner Steinmueller, head of GTB and also a member of the executive committee.
Singh joins Deutsche Bank from Citi where he was head of direct custody and clearing for Europe, the Middle East and Africa (Emea). With 17 years of experience in the securities business, Singh has held a variety of local, regional and global management positions within transaction banking across Asia and Emea.
“We are extremely pleased about Satvinder’s appointment as we continue to invest in transaction banking,” said Steinmueller in a statement. “Satvinder is widely recognised as a leader within the securities services industry, and his decision to join reinforces the strength of our TSS and GTB business. Satvinder's track record in successfully running businesses, combined with his proven client skills, deep-rooted network and industry standing will be invaluable in accelerating the continued growth of our TSS franchise, further cementing Deutsche Bank’s leading position in the securities services industry."
Deutsche Bank has also announced the appointment of Anjali Mohanty as head of GTB India, effective immediately. Based in Mumbai, Mohanty will report locally to Gunit Chadha, chief executive of Deutsche Bank India and regionally to Lisa Robins, head of GTB Asia-Pacific. In addition, she will report to Kaushik Shaparia, head of trade finance and cash management Asia-Pacific in her business role. Mohanty will also join the Deutsche Bank India executive committee and CIB India executive committee.
Mohanty previously worked with Citi for over 20 years in various roles across retail and commercial banking. She holds an MBA from Pune University and a bachelor of commerce degree from Mount Carmel College, Bangalore. Announcing the appointment, Chadha said, “Our GTB business is an important core component of Deutsche Bank’s business offering in India. Anjali brings significant expertise in banking and transaction banking to the role and under her leadership we aim to consolidate our position as the dominant player in this highly competitive market segment.”
“I am delighted to welcome Anjali to Deutsche Bank. Her appointment ensures that GTB India will continue to make a strong contribution to the India franchise and our broader regional platform,” added Robins in a statement.
The appointments of Satvinder and Mohanty constitute a series of high profile additions to the German bank’s transaction banking business. In May of this year, Lisa Robins joined the bank as its new Asia-Pacific head of GTB from J.P. Morgan where she was managing director and head of treasury and securities services for China. Robins is responsible for leading the expansion of the bank’s commercial banking activities including cash management, cross-border trade and securities services.