Puneesh Nayar, managing director, is becoming a member of Deutsche Financial institution (DB) as market head in Singapore in its personal financial institution, efficient August 12. The department sits inside DB’s international South Asia & Africa, personal financial institution division.
Nayar (pictured) has over 20 years of trade expertise, most not too long ago at Julius Baer the place he was a senior workforce head for international India since 2016. Previous to that, he was the top of non-resident Indians Southeast Asia (SEA) and Center East at BSI Financial institution, additionally in Singapore. Nayar additionally beforehand held roles at Coutts Financial institution and HSBC.
In one other transfer in the identical personal banking division, in March, Nick Malik rejoined DB as market head, ased in Dubai. Malik returned to DB this 12 months from Credit score Suisse. He was beforehand group head with DB for six years till 2022, and earlier than that with Customary Chartered Non-public Financial institution in Singapore and Dubai. Previous to that, he was a senior advisor at Coutts’ in Singapore and the UK.
Each Nayar and Malik will report back to Rajesh Mahadevan, DB’s head of International South Asia & Africa, personal financial institution rising markets.
Mahadevan commented in a media launch: “Our International South Asia & Africa enterprise is a market chief on this phase and a powerful enterprise pillar inside our rising markets franchise. DB’s international connectivity, stability sheet power, mixed with our company financial institution and funding financial institution providing offers our shoppers entry to bespoke lending, banking and capital market options.”
Mahadevan added: “Puneesh and Nick’s breadth of expertise and deep understanding of this shopper phase will additional cement our market place as we broaden shopper protection throughout core markets in Asia and the Center East.”
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