Deutsche BankÆs global transactions unit has poached a rivalÆs executive to boost its regional sub-custody business. Mats Hansson joins to the team in Singapore from JPMorgan. His title is head of sales and client relations for its domestic custody services for Asia.

In his new role, Hansson will be responsible for sales to all Asia-based clients and will report to Michael Gedigk, Deutsche BankÆs global head of sales and client relationship. He has already started his new position in Singapore.

Hansson takes over the role of regional head of sales and client relationship from Joe Barnes, who held this Singapore-based role for three years. Barnes is relocating to London in a newly created role of head of sales and client relations for Deutsche BankÆs domestic custody services, Europe. In this position Barnes will also report to Gedigk, who is based in the firmÆs New York offices.

He crosses to Deutsche Bank from JPMorgan in Hong Kong, where he had served as regional relationship manager in its custody operations. Before joining JPMorgan, he was the global head of sales and relationship management in HSBCÆs custody division in Asia. He has been based in the region since 1998.

JPMorgan says it is currently recruiting for a replacement for Hansson.