Deutsche Bank has appointed David Lynne to head its global transaction banking (GTB) business for the Asia-Pacific (APAC) region.
Lynne will run the business in Singapore alongside his current responsibilities as head of fixed income and currencies for APAC.
His appointment marks the continued effort by Deutsche Bank to bring the GTB business closer to its corporate and investment banking (CIB) unit.
“Under David’s regional leadership, we will continue to drive an integrated client proposition, leveraging the bank’s treasury and flow strengths across CIB. His strong leadership record and in-depth knowledge of the region put him in an excellent position to further our market leading position in APAC,” said John Gibbons, head of GTB, Deutsche Bank.
He replaces GC Legend Lisa Robins who left the bank in January this year to join Standard Chartered for a similar role.
Deutsche Bank has made a number of key appointments to its APAC business over the past two years and has most recently confirmed its commitment to the region despite widespread job cuts to its investment banking unit in Europe and the US.
In 2016 it named its long-time head of GTB, Werner Steinmueller, to lead Deutsche Bank in APAC, becoming the first Hong-Kong based member to join the executive board.
It also promoted its co-head of investor services for Asia-Pacific, Anand Rengarajan,to head of securities services for the region in August last year.