Deutsche Bank names new South Asia head of direct securities services
05 July 2013
By Asia Asset Management
Deutsche Bank’s Global Transaction Banking division today announced the appointment of Samba Sivan as South Asia head of direct securities services (DSS), effective immediately. Based in Singapore, he will report to Mrugank Paranjape, Asia Pacific head of trust and securities services and cash management for financial institutions (TSS/CMFI).
Mr. Sivan was previously senior business manager for the bank’s TSS and CMFI businesses in Asia Pacific. He joined Deutsche Bank in 2000 and has held several positions in global transaction banking including chief operating officer in Indonesia and India, as well as project management positions in Singapore and India.
In this newly created role, Mr. Sivan will be responsible for driving the strategic growth of Deutsche Bank’s DSS franchise in the South Asia region, covering Malaysia, Philippines, Singapore, Sri Lanka, Thailand and Vietnam.
The bank also appointed Tim Liu as greater china head of DSS in January 2013. In this role, he has been overseeing the expansion of the bank’s DSS business in mainland China, Hong Kong and Taiwan. Mr. Liu joined Deutsche Bank in 2007 as Taiwan head of DSS. He also covered the mainland China market in 2011.
Mr. Paranjape said: “These appointments demonstrate Deutsche Bank’s ongoing commitment to growing its DSS business in Asia. Samba’s new role is a reflection of our strong commitment and focus on the ASEAN markets, complementing our momentum in the Greater China region. He will be instrumental in helping us to meet our ambitious goals for the South Asia region.”
Part of its global transaction banking division, Deutsche Bank’s direct securities services business has approximately €1.7 trillion (US$2.21 trillion) of assets under custody globally and an operational presence in 33 global markets − 14 of which are in Asia.
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