Deutsche Bank has appointed Werner Steinmueller, current head of global transaction banking, to take on the role of CEO for the Asia Pacific region.
Steinmueller, who joined Deutsche Bank in 1991, will relocate to Hong Kong. He will remain chairman of the Postbank supervisory board.
John Gibbons will succeed Steinmueller in the position of global transaction banking. Gibbons is expected to start the role in October.
Gibbons will join from J.P. Morgan, where he is regional executive for Europe, Middle East and Africa and global head of banks and broker dealers for treasury services.
He will be based in London and will report to Jeff Urwin, head of corporate and investment banking.
Urwin said: “I am grateful to Werner Steinmueller for his long-standing leadership in global transaction banking and look forward to continuing our work together on the management board.”
He added: “[John Gibbons] has the right combination of client focus and experience in running a transaction bank to manage our business for the future.”
