Deutsche names regional co-heads of corporate banking and securities

Michael Ormaechea

Deutsche Bank has promoted Michael Ormaechea and Bhupinder Singh to co-heads of corporate banking and securities CBS for Asia-Pacific, according to a source quoting an internal announcement issued Monday.

These are new roles in the region, although Ormaechea and Singh, together with Marzio Keiling, have effectively led the CBS business in Asia-Pacific for the past year.

Just days after they started their new jobs in June 2012, Deutsche’s two new co-CEOs for Asia-Pacific appointed Ormaechea head of fixed income, currency and commodities FICC and equities, while Singh was put in charge of corporate...