Deutsche Bank today announced the appointment of Robert Rankin as Chief Executive Officer, Asia Pacific (ex Japan) effective June 10, replacing Colin Grassie, who is returning to Europe.
Mr Rankin will report to Juergen Fitschen, Member of Deutsche Bank’s Management Board and Global Head of Regional Management. Mr Rankin will be based in Hong Kong.
Announcing the appointment Mr Fitschen said; “Asia has continuously grown its significance for Deutsche Bank’s global franchise. Under Colin’s stewardship we have gained market share in all our core businesses in Asia; we continued to invest and are committed to further expansion. Robert is one of Asia’s most high profile and successful investment bankers and his appointment highlights our considerable further ambitions in the region.”
Prior to joining Deutsche Bank, Mr Rankin was Head of Investment Banking, Asia Pacific, at UBS. He was also a Member of the UBS Asia Pacific Management Committee and of the UBS Investment Banking Board, as well as Chairman of the Management Advisory Committee of the UBS Securities Joint Venture in China. Based in Hong Kong since 2001, Mr Rankin joined UBS in 1990 and held various roles in Australia including Head of Equity Origination. Mr Rankin holds a Bachelors Degree in Economics and Law from the University of Sydney.
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Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 80,277 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
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