Deutsche Bank hires Yaacob to head Malaysia

German bank hires Yusof Yaacob from Goldman Sachs to be its chief country officer and head of corporate banking and securities in Malaysia.

Deutsche Bank says it has appointed Yusof Yaacob as its chief country officer and head of corporate banking and securities for Malaysia.

Yaacob is joining from Goldman Sachs, where he was managing director and chairman of investment banking in Malaysia. The move is effective from February 20.

He previously worked for local mobile telecoms group Axiata as executive director and financial officer.

Malaysia is emerging as a regional financial hub and its Islamic finance industry is the world’s largest.   

“Deutsche Bank is very competitively positioned in Malaysia and has tremendous further potential through serving the needs and ambitions of our many Malaysian clients with the bank’s global and local products,” Bhupinder Singh, the German bank's co-head of corporate banking and securities, Asia-Pacific, said in a statement.

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