Deutsche Bank’s Shaparia gets Asia role
Live MintDeutsche Bank Group’s India chief executive Kaushik Shaparia has been elevated to CEO, Emerging Asia, in addition to his existing responsibilities, the firm told its employees on Wednesday, according to an announcement seen by Mint. “The move is expected to further bolster Deutsche Bank’s footprint in Asia and will bring several key regions closer together, as trade corridors and capital flows continue to evolve. Deutsche Bank recently announced its cohead of investment banking coverage in India would be taking on a newly created role of head of Financial Sponsor Financing for Asia at the bank. In August, Singapore’s Straits Times reported that the German lender is “selectively increasing headcount in divisions such as investment banking and private banking ahead of what it believes could be a rebound in those areas.” The Straits Times said Deutsche Bank added around 50 senior people globally to its investment bank in 5 months, with a third based in Asia.
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