Deutsche Bank hires new Head of Global Transaction Banking (GTB)

Published 
  • Deutsche Bank plans to appoint Werner Steinmueller as a member of the Management Board
  • John Gibbons hired for Global Transaction Banking

Frankfurt am Main – Deutsche Bank announced today that Werner Steinmueller, 62, Head of Global Transaction Banking (GTB), has been designated to join the Management Board and take on a new role as Chief Executive Officer of Asia Pacific. The Nomination Committee of the Supervisory Board will recommend these changes to the full Supervisory Board at its upcoming meeting on July 28. The appointment is also subject to regulatory approval.

Mr. Steinmueller joined Deutsche Bank in 1991 and has been the Head of GTB since 2004.

Deutsche Bank’s GTB business is a leader in cash management, trade finance and securities services. The business is the world’s largest clearer of euros and a leading provider of export letters of credit in Germany and trustee for securities in the United States.

Mr. Steinmueller is designated to relocate to Hong Kong in the autumn and become the first-ever Management Board member to be located in this fast-growing region. Deutsche Bank is present in 16 countries in Asia Pacific and has approximately 20,000 employees in the region. It is intended that Mr. Steinmueller remains Chairman of the Postbank Supervisory Board.

Mr. Steinmueller will be succeeded as Head of GTB by John Gibbons, 56. Mr. Gibbons has most recently been Regional Executive for Europe, Middle East and Africa and Global Head of Banks and Broker Dealers for Treasury Services at J.P. Morgan.

Mr. Gibbons previously worked at Deutsche Bank and Bankers Trust from 1992 to 2001. He has worked in banking for 34 years, serving as a leader of transaction banking businesses.

Mr. Gibbons will be based in London and report to Jeff Urwin, Head of Corporate & Investment Banking. He is expected to join the bank in October.

Jeff Urwin, Head of Corporate & Investment Banking at Deutsche Bank, said: “I am grateful to Werner for his long-standing leadership in Global Transaction Banking and look forward to continuing our work together on the Management Board. In John Gibbons, we have recruited a seasoned, trusted professional to Deutsche Bank. He has the right combination of client focus and experience in running a transaction bank to manage our business for the future.”

Most recent episodes

£15 Billion Stimulus Pumped into UK Economy to Ward Off Recession Fears

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 7th June...

04:44

Advantage Treasury

Eleanor Hill is joined in the virtual TreasuryCast studio by Nicolas Cailly and Philippe Penichou (Societe Generale) to look at treasury trend predictions for the remainder of 2022, with a particular focus on virtual accounts. In this deep dive into current and future treasury priorities, our guests...

24:22

40th Annual New York Cash Exchange: What Can Treasurers Expect?

Ahead of the 40th annual New York Cash Exchange, two of TMANY's distinguished board members, David Miller and Timothy T. Hesler, CTP, provide TMI CEO, Robin Page, with a quickfire rundown of what attendees can expect from this year’s conference. Our guests share their aspirations for the event, explain...

09:58

Expectation-Beating Inflation Prints Ratchet Up Pressure on Monetary Policy

Welcome to the third edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 9th May...

04:48

Making the Sustainable Transition: A Roadmap to ESG in Treasury

Over the last 18 months, Societe Generale has experienced a steady increase in requests from their corporate clients to integrate ESG features in treasury management.  Louis-David Rouyer, Philippe Pougeard, and Emmanuelle Petelle (Societe Generale) provide TMI's Eleanor Hill with a whistlestop run...

22:24

Lift Off for Fed Rate Rises

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 5th of...

04:58

Treasury in 2022 and Beyond

Industry experts Bob Stark (Kyriba) and Sebastian di Paola (PwC) join TMI's Editor, Eleanor Hill, to explore the very latest treasury trends - and to discuss how smart treasurers can get ahead of th...

43:21

How BearingPoint Harnessed Data-Driven Forecasting with CashAnalytics and SAP

Listen back to our recent forecasting masterclass, where Group Treasurer Eveline Stam, and Conor Deegan (CashAnalytics) provided TMI's Eleanor Hill with a comprehensive overview of how consultancy firm BearingPoint achieved company-wide cash forecasting nirvana by combining specialist solutions from...

37:14

The 3 T’s of The Future: Tech, Treasury, and Transformation

Over the past two years, an increasingly dynamic environment has not only accelerated technology development – from quantum computing to blockchain technology, and even the metaverse – but also technology adoption, bridging colleagues and breaking down silos in a remote work world. In this podcast,...

44:02

Monetary Policy Continues to Drive Markets as Ukraine Invasion Weighs on March Meetings

Welcome to the second edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 3rd of...

05:25