Deutsche Bank has elevated Werner Steinmueller as the bank’s chief executive officer (CEO) of Asia Pacific and as a member of the management board. It has also appointed John Gibbons as his successor as head of global transaction banking.
Steinmueller joined Deutsche Bank in 1991 and has been head of global transaction banking since 2004.
Gibbons was previously regional executive for Europe, Middle East and Africa and global head of banks and broker dealers for treasury services at J.P. Morgan. He has over 34 years of banking experience and has worked at Deutsche Bank and Bankers Trust before.
“I am grateful to Werner for his long-standing leadership in global transaction banking and look forward to continuing our work together on the management board,” said Jeff Urwin, head of corporate & investment banking at Deutsche Bank. “In John Gibbons, we have recruited a seasoned, trusted professional to Deutsche Bank. He has the right combination of client focus and experience in running a transaction bank to manage our business for the future.”
This autumn, Steinmueller will relocate to Hong Kong and become the first-ever management board member in the region while Gibbons will be based in London and report to Urwin.
Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. It has presence in 16 countries in Asia Pacific and has approximately 20,000 employees in the region.