Deutsche Bank has hired Samir Dhamankar as head of securities services and global transaction banking in Indonesia.
Based in Jakarta, Dhamankar will be responsible for spearheading the bank’s fund administration and custody businesses in this market.
He will also oversee Deutsche Bank’s Global Transaction Banking franchise in Indonesia, which includes corporate cash management, trade finance and institutional cash management services.
Dhamankar has been part of Deutsche Bank’s Securities Services business in India for 14 years, working in leadership roles across product management, sales and market advocacy functions.
During his 27-year career, he has worked for several financial institutions in India in the banking and capital markets segments. He is an experienced financial market professional who has participated in many regulatory and market infrastructure forums as an industry expert.
Anand Rengarajan, Asia Pacific head of securities services at Deutsche Bank, says: “We are delighted to see exceptional talent like Samir Dhamankar embrace new career opportunities across borders within our bank. Indonesia is one of our fastest growing markets and his product and market expertise will be invaluable in his new role.”
Siantoro Goeyardi, chief country officer – Indonesia at Deutsche Bank, comments: “As Indonesia remains one of the most attractive destinations for emerging markets investors allocating capital to Asia and as global companies are expanding their presence in Asia, we are well positioned to help our local and multinational corporate and institutional clients with their banking needs in Indonesia, with our long-standing and growing franchise.”
In February, Deutsche Bank compliance veterans Jeff Horvath and Jeffery Ruiz launched DigiPli, a holistic onboarding-as-a-service solution that addresses a financial institution’s complete anti-money laundering and know-your-customer needs.
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