Paranjape promoted at DB 15 September 2011Singapore Reporter: Ben Wilkie
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Mrugank Paranjape, managing director, has been appointed head of Direct Securities Services (DSS) for Asia-Pacific where he has overall responsibility for business strategy and growth for the bank’s subcustody, clearing, and fund administration business across 14 countries in the region, as well as expanding the Bank’s footprint in the onshore fund administration space. Mrugank Paranjape is a veteran banker with over 20 years capital markets experience, including nine years in securities services. Prior to joining Deutsche Bank, he had held senior management roles in international organisations including Prudential ICICI Asset Management India and Citibank.
Lisa Robins, Deutsche Bank’s Head of Global Transaction Banking (GTB) business for the Asia Pacific, commented, “GTB intends to rapidly ramp up its already substantial Asian DSS franchise and is putting in place the key people to accomplish this objective. The relocation of two key Managing Directors, Mrugank and Joe, to Singapore underscores our focus on growing our transaction banking franchise in Asia as well as our depth of talent and bench strength across the board in GTB within the Bank.”
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