Deutsche shakes up securities services unit
Like some of its big rivals, the bank has repositioned its securities services arm, appointing a new head in Asia and putting more emphasis on collateral and clearing, and on cross-selling opportunities.
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As part of a repositioning of Deutsche Bank’s direct securities services (DSS) business, the German group has named a new Asia-Pacific head of what is now called the investor services unit, to replace Mrugank Paranjape.
Shrinath Bolloju, currently group chief operating officer for India, will take up the role in Singapore in May, as well as the post of head of trust and securities services and cash management for financial institutions. He will be in charge of product management,…
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