Deutsche Bank restructures transaction banking unit

Source: Deutsche Bank

Deutsche Bank today announced the appointment of Marcus Sehr as Global Head of Cash Management for Financial Institutions (CMFI) and John Ball as Global Head of Cash Management for Financial Institutions Sales, with immediate effect.

These new roles are part of a realignment within Deutsche Bank's Global Transaction Banking (GTB) division that will now aggregate all Trust & Securities Services and CMFI businesses under the leadership of Satvinder Singh, Global Head of Trust & Securities Services and Cash Management for Financial Institutions. Additionally, the Bank will align specialist sales activities within Financial Institutions and Securities in a new Financial Institutions and Securities Sales team, led by Jim Turley, Global Head of Financial Institutions and Securities Sales and Global Chief Operating Officer for GTB.
In his new role, Marcus Sehr will oversee cash management strategy, P&L and delivery of end to end solutions and risk management in CMFI. Marcus has held various roles within CMFI, most recently as Global COO, and has been with the bank for 12 years. Based in Frankfurt, Marcus will report to Satvinder Singh.

Satvinder Singh said, "The appointment of Marcus is yet another example of the talent and strength within our business. We are very pleased to promote Marcus into this new and expanded role. His deep rooted expertise in the CMFI business and proven track record will further enhance our leading position in this space."

In his new role, John Ball will be responsible for driving cash management revenues globally in the financial institutions segment. John was previously Head of Cash Management for Financial Institutions for Asia Pacific in Deutsche Bank for over 8 years. His responsibilities included overall client relationship management in Asia and Japan and new business development for cash management for financial institutions. Before joining Deutsche Bank, John was with Bankers Trust in London and New York. Based in Hong Kong, John will report to Jim Turley.

Jim Turley commented, "John brings a wealth of experience into his new role. His appointment enables the Bank to further enhance our leadership in the institutional segment and will be instrumental in fostering closer partnerships with our institutional clients to further their success."

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