Rankin gets seat on Deutsche's group executive committee

Deutsche Bank announced last night that Robert Rankin, its CEO for Asia-Pacific ex-Japan, has been appointed a member of the bank’s group executive committee GEC from January 1 next year. Rankin will be the first CEO from Asia to get a seat on the committee, which shows the growing influence of this region on the bank’s overall business.

The 12-member committee is headed by chairman Josef Ackermann and made up of the seven members of the management board as well as senior representatives from various business divisions and regions, including Seth Waugh, the CEO of Deutsche Bank Americas. A key purpose of the committee is to coordinate the business...