Commerzbank has announced the appointment of two new representatives for their offices in Taiwan and Vietnam. Hans-Kurt Schäfer (right) will head the bank’s representative office in Taipei, taking over from Thomas Debelic (left) who is to lead the Ho Chi Minh City base.
Commenting on the move, Schäfer says: “I am excited to be returning to Asia, adding to 30 years of experience working there and closely monitoring its development. Taiwan, in particular, is a market with great opportunities for engaging with the wider global economy. I would like to wish Thomas Debelic well on his new position.”
Debelic adds: “I look forward to my new position in Vietnam and hope to bring my experience of working with emerging financial markets and micro finance-strategies to East Asia. I would also like to thank my predecessor, Norbert Kraatz, for having built a solid foundation of expertise and contacts.”
The task of the representative offices is to establish close relationships with local banks, and advise corporate customers – mainly from Germany and Europe – while also cultivating contacts with local government offices.
Thanks to Moorgate’s outreach, the news was covered by a range of specialist trade and financial press, including The Asset, Global Trade Review, India’s Financial Chronicle (in print) and Treasury Management International.