Deutsche Bank creates new renminbi role 26 March 2014 Hong Kong Reporter: Georgina Lavers
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Deutsche Bank has made Evan Goldstein its global head of renminbi services, effective March 2014.
Based in Hong Kong, Goldstein will report to Michael Ormaechea, the co-head of corporate banking and securities for Asia Pacific and Lisa Robins, Asia Pacific head of global transaction banking.
In this newly-created role, Goldstein will be responsible for managing the growth of Renminbi-related activities across the Deutsche Bank franchise globally, and for ensuring their alignment with the strategic imperatives, product development initiatives and client-focussed objectives of the bank.
Goldstein joins from Standard Chartered Bank where he was managing director and head of product management for financial institutions for Asia within its transaction banking division.
He led a team of product managers across twelve markets covering cash management, trade finance and securities services for banks, investors and intermediaries. Goldstein previously spent 13 years at J.P. Morgan in a number of strategic, management and product development roles.
Michael Ormaechea, co-head of corporate banking and securities for Asia Pacific at Deutsche Bank, said: “We have seen a surge in demand from our clients for Renminbi services, which we see as critical to our continued success both as a leading foreign exchange institution and as a trusted corporate banking partner. We are pleased that Golsdtein will be bringing his unique breadth and depth of experience to this new role.”
Lisa Robins, Asia Pacific head of global transaction banking at Deutsche Bank, added: “Goldstein’s broad banking experience is a tremendous asset to our Renminbi business, especially as the internationalisation of the Renminbi continues to gain momentum and the currency becomes increasingly significant in global trade and cross-border investments."
"Deutsche Bank’s strong platform, comprehensive solutions and client-centric approach will position the bank to maintain its leadership in Renminbi-related services.”
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