Deutsche Bank has aligned its trust and securities services, cash management for financial institutions (FIs) and FIs and securities sales businesses into a single unit within the bank’s global transaction banking (GTB) division.
The combined unit will be formed as the institutional cash and securities services (ICSS), headed by Satvinder Singh, its global head of trust and securities services and cash management FIs.
The new unit combines product, sales and coverage teams for three client-centric businesses and will provide FIs, investors and issuers with easier access to the bank’s range of transaction banking services.
Deutsche Bank added that the change brings further clarity to the ICSS operating model and will allow it to provide clients with integrated end-to-end solutions through enhanced delivery capabilities and a closer collaboration with the bank.
“Our aim is simple yet ambitious: to put clients at the heart of GTB by creating an organisation that meets their specific needs from end-to-end,” said Werner Steinmueller, head of GTB and a member of Deutsche Bank’s group executive committee.
“Satvinder Singh is a highly respected figure in the transaction banking industry and has excellent relationships with clients and significant experience in successfully leading sales and product organisations.”
Singh added: “This is an exciting opportunity as it allows us to further invest in our core competencies and become even more client-centric. Most importantly, the alignment of product and sales enables us to intensify the delivery of our client-focused solutions.”
On the second day of this year's AFP conference Trump's potential tax reform, using synthetic debt and the expected benefits of SWIFT GPI were all hotly discussed topics.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.