Deutsche Bank has named Jon Richman as a managing director and will take up the newly-created position of head of North American sales for trade finance and cash management corporates in global transaction banking.

Based in New York, Mr Richman will report to Deutsche Bank global transaction banking (GTB) business’s head of trade finance and cash management corporates for Americas, David Conroy.

Most recently, Mr Richman has led Standard Chartered’s transaction banking business in North Asia, covering Hong Kong, China, Taiwan, South Korea and Japan.

Mr Conroy said: Deutsche Bank GTB is recognized as a leading transaction banking services provider, in the Americas and globally. Our clients need cash management and trade finance solutions and to assist them best we are aligning our cash management and trade finance sales teams under this newly-created position.