Deutsche Bank appoints Tony W Chao as Greater China Head of Securities Services

Deutsche Bank has today announced the appointment of Tony W Chao as Greater China Head of Securities Services, effective today.

In this newly created role, Chao will be responsible for driving the strategy of the bank’s Securities Services business in Greater China, covering Mainland China, Hong Kong and Taiwan. Based in Shanghai, he will report to Anand Rengarajan, APAC Head of Securities Services regionally, and to Dirk Lubig, Head of Global Transaction Banking – China locally.

In his 30-year career, Chao has held various sales and relationship management roles for several large financial institutions, in New York, Singapore and Shanghai. He was most recently Head of Securities Services/Investors and intermediaries at Standard Chartered Bank (China).

Rengarajan said: “This new role reflects the broader bank strategy towards growing its Greater China franchise. With Tony’s experience and track record, I am confident that we can take our Securities Services franchise in Greater China to a new level.”