Deutsche Financial institution appoints personal banking market head for Singapore

Puneesh Nayar is becoming a member of Deutsche Financial institution (DB) as market head in Singapore for its personal financial institution, efficient August 12. The department sits inside DB’s world South Asia personal financial institution division.

The World South Asia enterprise serves non-resident Indian (NRI) shoppers, and different shoppers from the sub-continent, from Singapore, Hong Kong, Dubai, Geneva and London.

Nayar (pictured) has over 20 years of business expertise, most just lately at Julius Baer the place he was a senior workforce head for world India since 2016. Previous to that, he was the pinnacle 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 yr from Credit score Suisse. He was beforehand group head with DB for six years till 2022, and earlier than that with Normal Chartered Personal 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 World South Asia & Africa, personal financial institution rising markets.

Mahadevan commented in a media launch: “Our World South Asia & Africa enterprise is a market chief on this section and a robust enterprise pillar inside our rising markets franchise. DB’s world connectivity, stability sheet energy, mixed with our company financial institution and funding financial institution providing provides 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 consumer section will additional cement our market place as we broaden consumer protection throughout core markets in Asia and the Center East.”

For extra FinanceAsia folks strikes click on right here. 

¬ Haymarket Media Restricted. All rights reserved.