Deutsche Bank has announced it has appointed Munish Varma as Head of Global Markets India, effective immediately. In his new role, Varma will be responsible for Deutsche Bank's sales and trading businesses in India.
Varma takes over from Pavan Sukhdev, who takes a sabbatical from Deutsche Bank to focus on his work in environmental economics and conservation with various non-government organisations, including the Green India States Trust and the United Nations Environment Programme (UNEP), a release from Deutsche Bank statement said.
Varma will report locally to Gunit Chadha, Chief Executive Officer of Deutsche Bank in India, and regionally to Loh Boon Chye, Head of Global Markets Asia ex-Japan.
Varma joins from Deutsche Bank in London, where he was Head of Global Principal Finance Europe, responsible for illiquid asset trading and principal investments undertaken by Deutsche Bank in the region.
Varma first joined Deutsche Bank following the merger of Banker's Trust in 1999 and was instrumental in setting up Deutsche's credit structuring business, covering asset re-packs and synthetic CDO's. He has been responsible for the Global Principal Finance business in Europe since 2005.