As a result of a strategic alignment of Deutsche Bank’s Global Transaction Banking (GTB) business, Werner Steinmueller has been appointed global head of GTB. In his new function, Werner will ensure a strong customer focus, enhanced regional alignment and closer cooperation between the GTB areas, which include cash management, trade finance and trust and securities services. Werner has over 20 years’ experience in the banking industry covering MNC clients across relationship management, investment banking and transaction banking. He joined Deutsche Bank in 1991 where, in his last position, he was chief operating officer for GTB worldwide.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.