Deutsche Bank appoints new China head of securities services
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Deutsche Bank appoints new China head of securities services 26 August 2022China Reporter: Jenna Lomax
Image: Deutsche Bank
Deutsche Bank has appointed Ben Li as China head of securities services.
Based in Shanghai, Li will be responsible for supporting domestic clients in expanding their footprint globally, and international investors’ entry into China. He will also strengthen engagement with key stakeholders including regulators and industry peers.
Li will report to Tony Chao, head of securities services for Greater China, and Peter Qiu, president of Deutsche Bank China.
Li brings more than 20 years of experience in securities services and joins Deutsche Bank from HSBC China, where he developed expertise in onshore custody services for outbound and inbound clients.
Last December, Deutsche Bank was approved by the China Securities Regulatory Commission as the first European bank to launch its domestic custody services for securities investment funds in China.
The bank is also one of the most active foreign settlement agents in the China Interbank Bond Market.
Commenting on Li’s appointment, Chao says: “Ben brings strong client relationships, extensive cross-product experience, and deep understanding of the China market. This positions him well to lead our rapidly growing securities services team in China, as we continue providing complete solutions to local and international clients.”
Qiu adds: “This appointment will add to the team’s ability to serve client needs. It also demonstrates our commitment in providing complete market access solutions through our custody services licence. The opening up of China’s financial market has led to growing interest in outbound and inbound investments. With our edge in cross-border services, we look forward to further supporting clients in their business.”
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Image: Deutsche Bank 