Deutsche Bank has appointed Samba Sivan as South Asia head of direct securities services (DSS) for its Global Transaction Banking division.
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Sivan will be based in Singapore and will report into Asia Pacific head of trust and securities services and cash management for financial institutions (TSS/CMFI), Mrugank Paranjape.
Sivan has been associated with Deutsche Bank since 2000 and has held several positions in global transaction banking including COO in Indonesia and India, as well as project management positions in Singapore and India. He was previously senior business manager for the bank’s TSS and CMFI businesses in Asia Pacific.
In the newly created role, Sivan will be responsible for driving the strategic growth of Deutsche Bank’s DSS franchise in the South Asia region, covering Malaysia, Philippines, Singapore, Sri Lanka, Thailand and Vietnam.
The bank also named Tim Liu as Greater China head of DSS in January. Lie has been overseeing the expansion of the bank’s DSS business in Mainland China, Hong Kong and Taiwan.
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By GlobalDataParanjape said: "These appointments demonstrate Deutsche Bank’s ongoing commitment to growing its DSS business in Asia. Samba’s new role is a reflection of our strong commitment and focus on the ASEAN markets, complementing our momentum in the Greater China region. He will be instrumental in helping us to meet our ambitious goals for the South Asia region."
