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Atul Jain and Oliver Resovac Joins Deutsche Bank to head Trade Finance and Lending

As per the latest news, Deutsche Bank has designated Atul Jain and Oliver Resovac to handle the bank’s Trade Finance and Lending (TF&L) related operations altogether.

Stefan Hoops, Head of Deutsche Bank’s Corporate Bank stated in a statement, “The addition of Atul and Oliver from within the bank exhibits our skilled bench power in trade finance. As Global Hausbank to a large number of the world's most worldwide corporations, safeguarding trade activities has become core and center to us specific to the existing political environment. With this co-leadership structure and Atul’s & Oliver’s home base in Germany and the Asia Pacific, we are preferably positioned to get advance benefits from the increasing importance of Asia Pacific for International trade.”

Also Read: Deutsche Bank Plans To Boost Commodity Trade Finance Business Activities

With over 20 years of experience across Deutsche Bank's corporate and investment banking, both in the US and in Asia-Pacific, Atul Jain is one of the bank’s most experienced trade finance experts. Presently, he operates the bank’s Asia-Pacific Trade Finance and Lending services. Atul is based in Singapore.

Oliver Resovac has been working with Deutsche Bank in London and Frankfurt for over 20 years. He joined the Corporate Bank from the bank’s investment bank, where he had worked as the Head of Illiquid and Complex Risk. Oliver will be based in Frankfurt.

The trade finance services of the bank have gone through many tremendous changes over the past few years as technology, geopolitics, and the pandemic have revamped the competitive positions along with expanded levels and complications of risks. The Co-Head structure for the bank's trade finance activities demonstrates those changes.

The trade finance scene is greater there is more international trade in 2021, trade finance volumes quickly returned from the pandemic’s effect, with the United Nations Conference on Trade and Development (UNCTAD) recording an untouched high of US$28.5trn, an increment of practically 13% on pre-pandemic levels.

As the demand for infrastructure financing expands, structured financing has become more demanding, and the geopolitical disruptions demonstrate potential commodities safety issues, structured commodity trade finance arrangements, and structured export finance deals are expanding their demand. As they provide a valuable chance to convey ESG-aligned structures for corporate and institutional clients that make it possible to adjust sustainable behavior with lending terms.

Source

https://ibsintelligence.com/ibsi-news/deutsche-bank-appoints-atul-jain-and-oliver-resovac-to-head-trade-finance-and-lending/





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