Deutsche Bank has opened its first representative office in Dhaka, Bangladesh, to further expand its global network. With this new market entry, Deutsche Bank’s regional footprint in the Asia Pacific will soon span 15 diverse markets.
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 Commerzbank 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 Chief Executive Officer for Asia Pacific and Member of the Management Board Alexander von zur Muehlen. “We are proud that on our 150th anniversary in Asia Pacific, we are welcoming a 15th market to our strong regional network. Bangladesh is a great example of the significant opportunity that we see for our platform in the region.”
Atul Jain, Deutsche Bank Global Co-Head for Trade Finance and Lending, added, “Bangladesh is an increasingly strategic market for both our global multinational and German corporate clients. This representative office reflects our firm commitment to support our clients’ evolving risk management and financing needs in this dynamic growth market.”
