Deutsche Bank’s global transaction banking (GTB) division has announced several key appointments in its trust and securities services and cash management for financial institutions (TSS/CMFI) business.
There will be four new TSS/CMFI region heads. Gary Vaughan will be head for the Americas, continuing as co-head of Americas Corporate Trust for the trust and agency services business.
Mrugank Paranjape will assume the new role of TSS/CMFI region head in Asia. In addition to the regional role, Mrugank will continue as direct securities services head of Asia Pacific.
Jose Sicilia will be region head in Western Europe, continuing as head of EMEA corporate trust for the trust and agency services business, and Sriram Iyer will assume the new role of TSS/CMFI region head in CEEMEA, remaining as GTB head for MENA.
Mike Hughes has been appointed to the newly created role of global head of funds services, which combines TSS/CMFI’s alternative funds services and domestic funds services businesses to increase its focus on the non-bank financial institution segment. He will continue as GTB country head for the UK, the Channel Islands and Ireland.
Edwin Reyes will be responsible for the newly combined depositary receipts and transferable custody receipts offering, which provides a wider range of depositary receipt services from a single source. Reyes maintains his role as global head of depositary receipts.
Finally, Daire McCormack has been appointed to the newly created role of global head of escrow solutions.
