Deutsche Bank today announced the appointment of Satvinder Singh as Global Head of Trust & Securities Services (TSS), one of the world’s leading providers of administrative services for capital market instruments and other types of financing, as well as custody, clearing and related services.
Singh will become a member of Global Transaction Banking’s Executive Committee and report to Werner Steinmueller, Head of Global Transaction Banking (GTB) and member of the Group Executive Committee. Singh joins Deutsche Bank in mid-November and will be based in London.
Werner Steinmueller said, “We are extremely pleased about Satvinder’s appointment as we continue to invest in transaction banking. Satvinder is widely recognised as a leader within the securities services industry, and his decision to join reinforces the strength of our TSS and GTB business. Satvinder's track record in successfully running businesses, combined with his proven client skills, deep-rooted network and industry standing will be invaluable in accelerating the continued growth of our TSS franchise, further cementing Deutsche Bank’s leading position in the securities services industry."
Singh joins Deutsche Bank from Citibank where he was Head of Direct Custody and Clearing for EMEA. With 17 years experience in the securities business, Singh has held a variety of local, regional and global management positions within transaction banking across Asia and EMEA.
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About Global Transaction Banking
Transaction Banking (GTB) comprises commercial banking products and services for corporate clients and financial institutions, including domestic and cross-border payments, professional risk mitigation for international trade, asset and liability management and the provision of trust, agency, depositary, custody and related services. Business units include Cash Management, Trade Finance and Trust & Securities Services. We employ over 5,000 professionals in 45 countries.
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 73 countries, Deutsche Bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.
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