Deutsche Bank to open Dhaka representative office

Deutsche Bank – a German multinational investment bank and financial services company Headquartered in Frankfurt – is going to launch a representative office for the first time in Dhaka, as part of an effort to expand its global network.

With this new market entry, the multinational bank’s regional footprint in Asia Pacific will soon span 15 diverse markets, said a Deutsche Bank press release.

Responding to strong client demand for trade finance support in this fast-growing country, 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 the deputy head of the Commerzbank Representative Office in Bangladesh, to lead its business in the country.

On the matter, Deutsche Bank Chief Executive Officer for Asia Pacific and Member of the Management Board Alexander Von Zur Muehlen said, “We continue to grow and invest in our business in Asia Pacific.

“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.”