Deutsche Bank names transaction banker Asia CEO

The German bank names a new Asia Pacific head, picking a veteran of one of the areas where the bank sees major growth potential — transaction banking.

Deutsche Bank announced its new Asia Pacific chief executive on Thursday, picking a veteran of one of the areas where the bank sees major growth potential transaction banking. 

The German bank has picked Werner Steinmuller, head of global transaction banking, as the new Asia Pacific chief executive, replacing Gunit Chadha, who is leaving the bank. Steinmuller has also been added to the management board the first time an Asian-based banker will sit on Deutsche’s board.

The appointment comes after a major shake-up of Deutsche's organisational structure at the start of year, and shows the bank is not afraid to emphasise some of the more...

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