The Grassie is greener in Asia

Deutsche Bank appoints new CEO to the region, Colin Grassie.

Deutsche Bank's new CEO for Asia, Colin Grassie will take up his new position on April 1 2005, not the most auspicious date. He moves from his current position of head of global markets for Europe, a position he has held since 1997.

He was last in Hong Kong between 1995-1997 when he ran Deutsche's global markets business for the then colony.

As he takes up the reins of the CEO's position, incumbent CEO Ken Borda is being promoted to the role of chairman for Asia ex-Japan. Having previously run Australia New Zealand, Borda has been CEO of the bank in Asia since 2002.

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