Deutsche Bank announces senior hires in GTB 08 December 2011London Reporter: Anna Reitman
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Deutsche Bank has announced the appointments of two global heads in Global Transaction Banking (GTB) division; Marcus Sehr as global head of Cash Management for Financial Institutions (CMFI) and John Ball as global head of CMFI Sales.
The new roles are part of continued "realignment" to aggregate all Trust & Securities Services (TSS) and CMFI businesses under the leadership of Satvinder Singh, global head of TSS and CMFI. Additionally, the Bank will align specialist sales activities within Financial Institutions and Securities (FIS) in a new sales team, led by Jim Turley, global head of FIS sales and global COO for GTB.
Sehr will oversee cash management strategy, P&L and delivery of end to end solutions and risk management in CMFI. He has held various roles within CMFI, most recently as global COO, and has been with the bank for 12 years. Based in Frankfurt, Sehr will report to Satvinder Singh.
Ball will be based in Hong Kong, responsible for driving cash management revenues globally in the financial institutions segment. He was previously head of CMFI for Asia Pacific in Deutsche Bank for over eight years responsible for overall client relationship management in Asia and Japan and new business development for CMFI. Before joining Deutsche Bank, John was with Bankers Trust in London and New York.
Jim Turley, to whom Ball will report, said, “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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