Deutsche Bank India announced a senior level appointment moving veteran banker, Pavan Sukhdev from London to India to head global markets. Sukhdev will be responsible for Deutsche BankÆs onshore sales and trading businesses, and for providing global markets product and service functions through local vendors and through Deutsche BankÆs global markets centre in Mumbai, which he will chair. The move marks a full circle for Suhdev who began his career with Deutsche Bank in India in 1994 as head of India for global markets.

Sukhdev last held the position of Chief Operating Officer for emerging markets. He was appointed to this role in June, 2003 and moved to London from Singapore to take up this responsibility. Positions Sukhdev has held in the course of his career with Deutsche Bank include business manager for global markets in Asia, head of money markets (repo) in Asia and head of global finance for Asia-Pacific.

In commenting on the appointment both Loh Boon Chye, head of global markets Asia at Deutsche Bank and Gunit Chadha, CEO, Deutsche Bank India reiterated the bankÆs commitment to strengthening the India franchise.

Loh says: ôIndia holds a strategic place in Deutsche Bank global markets, being one of the worldÆs two largest emerging economies, as well as being an important hub for the bankÆs global markets front and back office support operations. Pavan has been deeply involved in the evolution of IndiaÆs financial markets and that experience bodes well in ensuring that Deutsche Bank remains a leader in this area in India and indeed regionally.ö

Chadha said ôPavanÆs move from London to Mumbai further strengthens our management team on the ground in India.ö

Sukhdev joined Deutsche Bank from ANZ Banking Group, where he worked for 11 years, in India as well as in London.