Commerzbank has appointed Deepan Dagur as head of trade finance & cash management, Asia.

In his new role, Dagur will focus on the further development of cash management solutions for Commerzbank’s corporate clients in Asia, as well supporting the growth of its trade finance offering in the region.

The appointment is effective from September 1 2017 and Dagur succeeds Brigitte Volz who took over a new role in the operational development segment. Based in Singapore, Dagur reports to Nick Johnston, regional board member Asia, and Marc Kirchhoff, global head of trade finance & cash management.

Nick Johnston, regional board member Asia, comments: “With Deepan’s experience and a profound product, regional and client expertise, his addition to the team will add considerable value as we continue to expand Commerzbank’s footprint in Asia, where we see increasing inbound trade flows from the rest of the world.”

With almost 20 years of industry experience, Dagur brings to Commerzbank a wealth of expertise in cash management and transaction banking in the region. Dagur joins from ANZ where he has held regional leadership roles for their Asian transaction banking business, across multi-national corporates and financial institutions.