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Banking This Week
A quick roundup of news by country every two weeks:
• Weeks of August 30th 2010
• Weeks of August 16th 2010
• Weeks of August 2nd 2010



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PRESS RELEASES
Non-Asian Banks

This is a press release by Deutsche Bank

Published March 9, 2010

Deutsche Bank hires Kees Hoving as Regional Head of Trade Finance and Cash Management Corporates for Germany

Frankfurt am Main / London, March 8, 2010 - Deutsche Bank's Global Transaction Banking division today announced the appointment of Kees Hoving as Managing Director, Regional Head of Trade Finance and Cash Management Corporates business for Germany, effective 1. March 2010.

Kees Hoving joins from RBS; Global Transaction Services where his most recent role was Head of GTS Netherlands and Head of Global Network Sales. He has over 15 years' experience in corporate banking and relationship management with major international banks.

Marilyn Spearing, Deutsche Bank's Global Head of Trade Finance and Cash Management Corporates, said:" We are pleased to welcome Kees Hoving with his long-standing experience in transaction banking onboard with Deutsche Bank. This will further strengthen our position as a leading European provider of sophisticated solutions for working capital solutions and trade and transactional finance."

Reinhard-E. Uhl , Deutsche Bank's Regional Head Global Transaction Banking for Germany, said, "Kees is an important addition to our team and will lead our growth strategy for our Trade Finance and Corporate Cash Management business in our German home market . His experience and industry knowledge will further strengthen our established transaction banking footprint in Germany and enable us to drive cash and trade synergies."

Based in Frankfurt, Mr Hoving will report globally to Marilyn Spearing and regionally to Reinhard-E. Uhl.

Re-disseminated by The Asian Banker

E-Edition

Quick Poll
China is pushing the use of the renminbi for trade settlement, even as companies are selling yuan bonds or setting up yuan funds. What do you think are the main issues in the internationalisation of China’s currency?

It is going to jump-start much-needed improvements in local financial services and infrastructure
The world is hungry for an alternative to the dollar
An internationalised renminbi will give too much power to the Chinese government
It’s senseless to consider before full convertibility


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