Deutsche Bank splits trade finance leadership across Europe, Asia

Jain (pictured), based in Singapore, and Frankfurt-based Resovac take over the role from Daniel Schmand, who earlier this year became global head of institutional cash management and head of corporate bank operations at the German lender. They will report to Stefan Hoops, head of Deutsche’s corporate bank.

The bank says the double-headed structure reflects the changes in the trade finance industry in recent years “as technology, geopolitics, the pandemic and technology have rearranged the competitive landscape together with increased levels and complexity of risk”.

Jain, who Deutsche describes as “one the bank’s most seasoned trade finance experts” has been with the bank for over two decades, most recently running trade finance and lending for Asia Pacific.

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