Deutsche Bank has earmarked the Philippines as the latest regional market for the expansion of its global transaction banking (GTB) division, naming firm veteran Mylene Caparas to a newly created role.

From Manila and with immediate effect, Caparas takes the title of head of GTB, Philippines and will report to Thomas DuCharme, head of GTB Asia Pacific ex-Japan, and locally to Enrico Cruz, chief country officer Philippines.

She takes on the new role while also continuing in her current position as head of local corporate banking.

As head of GTB in the Philippines, Caparas assumes responsibility for leading DeutscheÆs transaction banking strategies in the country and aligning its business plans with regional priorities. Among these tasks, she will expand local target markets and drive in-country cash management, trade finance and trust and securities services businesses.

Caparas has worked for Deutsche Bank for 11 years.