Deutsche Bank names new CEO for Aust & NZ

Deutsche Bank has announced the appointment of Anthony Miller as chief executive officer (CEO) for Australia and New Zealand, effective July 2017.

Miller replaces Michael Ormaechea, who is retiring in June after 22 years of service.

Miller was most recently a partner at Goldman Sachs based in Hong Kong and co-head of the financing group for Asia Pacific within Goldman Sachs investment banking division. Before relocating to Hong Kong from Sydney in 2012, he ran the firm's financing group for Australia and New Zealand, and prior to that was head of credit capital markets.

In his new role, Miller will oversee all of Deutsche Bank's activities in Australia, which include the Corporate & Investment Bank (Corporate Finance, Global Markets and Global Transaction Banking) and Deutsche Asset Management.

Based in Sydney, Miller will report to Werner Steinmüller, Asia Pacific CEO, and to James McMurdo, head of the Corporate & Investment Bank Asia Pacific.

Commenting on the appointment, Steinmüller said: "We are delighted to welcome Anthony to Deutsche Bank. He brings a wealth of experience in many products and sectors as well as deep client relationships across the Asia Pacific region."

He added: "The breadth of his experience across capital markets and financing solutions is ideally suited to our platform. I am confident he will further develop the close alignment in our Corporate Finance and Global Markets businesses. He also brings Asia Pacific experience and connectivity, which will be critical as we seek to build on the momentum in our cross-border client activities."