Deutsche Bank’s Corporate Bank has announced the appointment of Chintan Shah as APAC head of cash management. Previously APAC head of cash products, Shah will report to David Lynne, APAC head of corporate bank, regionally, and Ole Matthiessen, global head of cash management, globally.

In addition to his new role, Shah, who will continue to be based in Singapore, will head the APAC corporate cash sales function, reporting into Bas Marteijn, global head of cash management sales.

Shah replaces Suman Chaki, who will be relocating to New York as corporate cash sales head, Americas, to further scale Deutsche Bank’s leading industry-tailored advisory from sector experts in the market globally. 

With this move, Chaki will also be able to bring his deep knowledge and expertise of the Asian markets to Deutsche Bank’s multinational clients in the US. A Deutsche Bank veteran, he has spent over 20 years working in Asia in various senior positions within the bank’s cash management and trade finance businesses.

Shah has more than 16 years of experience in cash management at Deutsche Bank. During this time, he has held multiple roles across various markets within the APAC region, such as head of trade finance and cash management, corporates in Thailand, Malaysia and Indonesia. Prior to this, he was also responsible for the cash management business in India, based in Mumbai. 

“With our ambition to be the global banking partner of choice for our corporate clients, strengthening our set-up in the Asia-Pacific region is a must to ensure we deliver holistic solutions to our clients worldwide,” Lynne points out.  “I am confident that Chintan [Shah] will help us to continue the growth momentum in our corporate cash management business, in particular, with the opportunities presented by the outbound corridor to other regions.”