He will be based in Singapore and will report into David Lynne, Head of Global Transaction Banking – Asia Pacific.

Burkhard has held a number of senior positions in Deutsche Bank before assuming his current role as Head of GTB Business Management, amongst others Chief Operating Officer for GTB, CEO of Deutsche Bank Nederland NV and Head of GTB in Latin America and Brazil.

Stefan Hoops, Head of Global Transaction Banking at Deutsche Bank, said: “Asia is one of our growth engines and ASEAN has clearly become a key market for us in this region. With rising geopolitical uncertainties across the world, our clients are more focused than ever on South-East Asian countries and we see an increasing demand for many of our core products and services such as FX hedging, Trade Finance and Cash Management solutions in the ASEAN region.”