Deutsche Bank (DB) has appointed Kevin Burke as the Head of Institutional and Treasury Coverage (ITC) for APAC.
Burke rejoins Deutsche Bank from Standard Chartered, where he was Global Head of Financial Markets Sales from 2017. In his previous role with DB Burke was Head of Deutsche Bank’s Institutional Client Group for Asia Pacific for three years, playing a key role in making Deutsche Bank one of the leading investment banking providers in the region.
In this newly-created role, Burke will be responsible for client coverage strategy across the region, including coordinating client prioritisation and engagement to drive the bank’s growth strategy. He will be based in Singapore and will report to Louise Kitchen, Head of Institutional and Treasury Coverage based in London, and Werner Steinmueller, CEO Asia Pacific based in Hong Kong.
Kitchen said: “Kevin Burke has a deep understanding of our priority client group in the region and is a great re-hire for Deutsche Bank. We have regained market share in key sectors in APAC and Kevin’s expertise and network, built over 25 years, will accelerate that momentum.”
To take advantage of the accelerated pace of innovation in Asia Pacific, Deutsche Bank has establish the first DB Innovation Lab for Asia Pacific. The DB Labs are a docking station to bring new technology into the bank. They act as the eyes and ears into the local innovation ecosystem and provide connectivity to start-ups into Deutsche Bank. Most importantly, the DB Lab environment will allow for increased collaboration and co-creation of new solutions with our corporate clients in the region.
DB in APAC
The Asia Pacific region has always played an important role in Deutsche Bank’s international strategy. The bank’s presence in Asia go back to 1872 when their first branches were opened in Shanghai and Yokohama. The bank has products and services operating in Corporate & Investment Bank, Private & Commercial Bank and DWS.
The bank has positive momentum in the region, ranking equal 6th in Coalition’s industry revenue league tables for FY 2018, up from equal 7th at the half year. In Corporate Finance APAC, the bank was highlighted as being one of the two strongest performers in the region versus 2017.
The ITC APAC business was created in 2018 to consolidate and strengthen multiple interfaces between the bank and its clients globally. It brings together 1500 staff in 78 cities across the world to deliver the Corporate & Investment Bank to clients.
Commenting on the importance of DB’s presence in APAC, Dirk Lubig, Deutsche Bank head of GTB China and head of Corporate Cash Management Greater China has said: “The vast majority of our global clients chose Deutsche Bank because of its network in Asia Pacific, so our strength in Asia is a competitive advantage.”