Deutsche Bank has appointed of Tony W. Chao as greater China head of securities services, effective 20 February.
In this newly created role, Chao will be responsible for driving the strategy of the bank’s securities services business in Greater China, covering Mainland China, Hong Kong and Taiwan.
Based in Shanghai, Chao will report to Anand Rengarajan, Asia Pacific (APAC) head of securities services regionally, and to Dirk Lubig, head of global transaction banking, China.
Most recently, he served as head of securities services/investors and intermediaries at Standard Chartered Bank (China).
Chao has 30 years of experience and has held various sales and relationship management roles for several financial institutions in New York, Singapore and Shanghai.
Lubig commented: “There is no doubt that global institutional investors will play a much bigger role in Greater China’s capital markets, and we are well positioned to offer them best-in-class securities services capabilities and local expertise on the ground.”
“Tony W. Chao’s appointment reinforces our commitment to bridge Greater China with global markets for our clients.”
Rengarajan added: “This new role reflects the broader bank strategy towards growing its Greater China franchise. With Chao’s experience and track record, I am confident that we can take our Securities Services franchise in Greater China to a new level.”
