Deutsche Bank said that it has set up a global solutions function within the trade finance/cash management for corporates (TF/CMC) business in its global transaction banking division.
It added that TF/CMC global solutions will focus on accelerating business growth by systematically tailoring and replicating solutions across target industries and geographies, focusing on large corporate clients.
The newly-created business is headed globally by Shahrokh Moinian, previously head of TF/CMC for the Americas. Based in Frankfurt, Moinian reports to Michael Spiegel, head of TF/CMC. On a regional level, the global solutions teams are led by Suman Chaki for Asia Pacific and Arthur Brieske for the Americas.
The bank also announced the appointment of James Binns as managing director and regional head global solutions Europe, the Middle East and Africa (EMEA), joining Deutsche from HSBC. He will be based in London and report to Moinian.
“Global solutions will play a critical role in our growth aspirations for TF/CMC,” said Spiegel. “It is a global key initiative and perfectly complements the client-centric approach of our business.”
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