Deutsche Bank appoints new Thailand head
DEUTSCHE Bank has announced the appointment of Phumchai Kambhato as chief country officer for Thailand.
He succeeds Frank Krings.
In addition to his new responsibilities as chief country officer, Phumchai will hold the role of head corporate finance or Thailand.
He will report to Gunit Chadha, Deutsche Bank chief executive for the Asia-Pacific region, in his country management capacity and also Richard Gibb and Simon Roue, co-heads of corporate finance, Asia-Pacific. The appointment is effective immediately.
Announcing the appointment, Gunit Chadha said: “Deutsche Bank has a long and successful history in Thailand which is an important market for the bank in Asia-Pacific.
“Phumchai has led the bank’s investment banking business in Thailand with distinction and he is particularly well placed to provide leadership to develop and expand our overall business in Thailand.
“We thank Frank Krings for his sincere commitment and service in Thailand since 2011, during which our business has successfully deepened and widened.
“The bank remains deeply committed to its clients and business in Thailand and to Asia-Pacific overall, a position that was confirmed again by Co-CEO Juergen Fitschen at the bank’s 2016 annual press conference.”
At Deutsche Bank’s annual press conference in Frankfurt on January 28, Fitschen said: “Deutsche Bank Asia Pacific revenues in 2015 exceeded 4 billion euros [Bt159 billion], up 14 per cent on 2014, with all businesses growing at double-digit percentages.”
