Deutsche Bank is expanding its global network with the launch of its first representative office in Dhaka, Bangladesh, a press release said Friday.
With this new market entry, Deutsche Bank’s regional footprint in Asia Pacific will soon span 15 diverse markets.
Responding to strong client demand for trade finance support in this fast-growing country, Deutsche Bank will commence operations in Bangladesh shortly. The representative office will focus on supporting multinational corporate clients, predominantly exporters to Bangladesh. The bank has hired Syed Naushad Zaman, previously deputy head of the Commerz bank Representative Office in Bangladesh, to lead its business in the country.
“We continue to grow and invest in our business in Asia Pacific,” said Deutsche Bank CEO for Asia Pacific and member of the management board Alexander von zur Muehlen.
Atul Jain, Deutsche Bank global co-head for trade finance and lending, said, “Bangladesh is an increasingly strategic market for both our global multinational and German corporate clients”
