Tag: deutsche bank

China's central bank has appointed the German giant as a clearing bank.

Chintan Shah will lead Apac & MEA, corporate bank, as Ole Matthiessen becomes global co-head of the corporate bank; Christof Hofmann is named as global head of cash management.

This idea behind the framework is to improve liquidity management and operational speed through six key policy areas.

Majed Julfar has joined the German bank in the Middle East from Etihad Credit Insurance, where he was director of trade credit insurance and export finance.

The two firms are targeting cross-border payments and in-country collections in Indonesia, India, Thailand and Vietnam.

A virtual account provided by DB will help Hashkey better reconcile incoming fiat currency funds on the virtual asset trading platform.

DB’s financial system will be connected to Yonyou’s ERP platform and TMS, which serves a group of state-backed enterprises in China. The first roll-out is expected in Q1, according to a DB spokesperson.

Deutsche Bank has launched in four Apac markets, providing payment collection services for e-commerce merchants, as the firm eyes six more markets.

CT understands that Sameer Shah will join the German bank as head of cash management sales for Middle East & Africa.

Manik Chhabra has been appointed Deutsche Bank’s head of global corporate coverage for India and Sri Lanka, effective August 19.

The move is a first in Asia for the global chemicals firm, uses sustainability rating platform EcoVadis and will incentivise companies in the supply chain with lower interest rates.

XTransfer is the first foreign company granted a NRQC status by the Bank of Thailand, signifying a milestone in cross-border e-commerce settlement both for Thai and Chinese vendors and buyers.