The head of global markets for Asia-Pacific also takes a seat on a new 15-member CIB executive committee that aims for greater cohesion across the bank's key businesses.

Loh Boon Chye, Deutsche Bank's head of global markets for Asia-Pacific, has been appointed to an additional role as head of corporate and investment banking (CIB) in the region.
 
 CIB is the entity that combines corporate finance, global markets and global transaction banking and which has been getting more focus at Deutsche as the bank is aiming for greater integration between its business units to help accelerate growth. Globally, CIB accounted for more than 80% of the bank's revenues in 2009 and in Asia for more than 90% of the region's total revenues of €2.96 billion ($3.8 billion).
 
 In the second quarter this year, however, CIB net revenues fell to €4.7 billion from €5.3 billion a year earlier, partly due to more difficult market conditions and substantially lower primary equity market activity. Total revenues, as per a release issued yesterday, fell to €7.2 billion from €7.9 billion.
 
 On July 1, Anshu Jain became the sole global head of CIB after his long-time co-head Michael Cohrs announced his retirement. On Monday evening, Jain updated Deutsche Bank staff on his plans for CIB and revealed a new management structure, which for the first time includes regional leaders of CIB. One overriding aim of the new structure, Jain said, is to create "a strong sense of cohesion across (the) three business lines".

Source FinanceAsia (Read Article..)

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