Deutsche names regional co-heads of corporate banking and securities

Ormaechea and Singh are promoted, while Keiling retires after 17 years with the German bank.
Michael Ormaechea

Deutsche Bank has promoted Michael Ormaechea and Bhupinder Singh to co-heads of corporate banking and securities CBS for Asia-Pacific, according to a source quoting an internal announcement issued Monday.

These are new roles in the region, although Ormaechea and Singh, together with Marzio Keiling, have effectively led the CBS business in Asia-Pacific for the past year.

Just days after they started their new jobs in June 2012, Deutsche’s two new co-CEOs for Asia-Pacific appointed Ormaechea head of fixed income, currency and commodities FICC and equities, while Singh was put in charge of corporate...

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