Deutsche Bank appoints new South Asia head for direct security services

MANILA, Philippines - Deutsche Bank’s Global Transaction Banking division has announced the appointment of Samba Sivan as South Asia head of Direct Securities Services (DSS), effective immediately. Based in Singapore, Samba will report to Mrugank Paranjape, Asia Pacific head of Trust & Securities Services and Cash Management for Financial Institutions (TSS/CMFI).

Samba was previously senior business manager for the bank’s TSS and CMFI businesses in Asia Pacific. He joined Deutsche Bank in 2000 and has held several positions in Global Transaction Banking including chief operating officer in Indonesia and India, as well as project management positions in Singapore and India.

In this newly created role, Samba will be responsible for driving the strategic growth of Deutsche Bank’s DSS franchise in the South Asia region, covering Malaysia, Philippines, Singapore, Sri Lanka, Thailand and Vietnam.

Deutsche Bank also appointed Tim Liu as Greater China head of DSS in January 2013. In this role, Tim has been overseeing the expansion of the bank’s DSS business in Mainland China, Hong Kong and Taiwan. Tim joined Deutsche Bank in 2007 as Taiwan head of DSS. He also covered the Mainland China market in 2011.

“These appointments demonstrate Deutsche Bank’s ongoing commitment to growing its DSS business in Asia. Samba’s new role is a reflection of our strong commitment and focus on the ASEAN markets, complementing our momentum in the Greater China region. He will be instrumental in helping us to meet our ambitious goals for the South Asia region,” Paranjape said.

Part of its Global Transaction Banking division, Deutsche Bank’s Direct Securities Services business has approximately 1.7 trillion euros of assets under custody globally and an operational presence in 33 global markets ? 14 of which are in Asia.