Deutsche Bank has appointed a new Singapore-based head of securities services product management, who will lead the development of products to support client needs across Asia Pacific.
Mathew Kathayanat will also drive product strategy to support the growth of the bank’s business in the region. Kathayanat brings with him over 20 years of experience spanning product development, institutional sales, and relationship management. He was most recently head of product and strategy, APAC, at BNY Mellon Asset Servicing, where he spent five and a half years.
Prior to this he held roles with Citi in EMEA and APAC over a nine-year spell.
“Asia Pacific continues to be a key and strategically critical region for our securities services business globally,” said Anand Rengarajan, APAC head of securities services at Deutsche Bank.
“As the region’s capital markets continue to open up, global institutional investor needs in this part of the world are increasing and evolving rapidly. We are delighted to welcome an individual of Mat’s calibre to the team as we further grow our business and enhance our offering for clients in Asia Pacific.”
In October last year, Deutsche Bank launched a new electronic foreign exchange pricing and trading hub based in Singapore. The new hub aims to help clients execute foreign exchange transactions faster by aligning them more closely with their geographic location as opposed to waiting for prices to be matched in London, New York or Tokyo, where there is still a significant time lag.
It came as part of an ongoing scheme by the Monetary Authority of Singapore (MAS) aimed at attracting new business by encouraging them to establish local trading systems in the region in a bid to make the city state a global financial trading hub.