German multinational investment bank and financial services company Deutsche Bank has announced the appointment of Janak Dalal as head of securities services for India and Sri Lanka.
According to the company, Dalal brings over 25 years of experience with 14 years from within the bank and has held several leadership roles across equities and prime finance for the investment bank and most recently as head of the Deutsche CIB Centre global delivery hub.
“This reflects the strength of talent we have across our group and as such Janak is perfectly positioned to helm this business at this time of transformation within the financial services industry,” said Kaushik Shaparia, chief executive officer, Deutsche Bank Group, India said.
India is a key market for Deutsche Bank's securities services business globally.
As India's capital markets continue to open and develop, underpinned by robust macroeconomic fundamentals, the country is poised to benefit from significant investor inflows.
Deutsche Bank has built a diversified platform in India, spanning a comprehensive suite of products, with over 42 years of continuous operating experience in the country.
The bank has won numerous industry awards for its domestic custodian services, as well as its transaction bank and investment bank in India.
With the launch of its IFSC Banking Unit (IBU) in GIFTCity, the bank has further strengthened its position as India's largest and most experienced provider of custody and fund administration services, catering to both domestic and foreign investors.
