Succeeding Ronny Tan, the current chief country officer for Singapore, Lee will also manage all of the bank’s business divisions to develop its client activities in South East Asia.

Tan will remain as the vice chairman, Deutsche Bank, Singapore, who has significantly contributed in the development of the bank’s Singapore franchise for 12 years.

According to the bank, Lee will report to Gunit Chadha and Alan Cloete, co-chief executive officers, Asia Pacific, and members of the group executive committee.

Prior to accepting the current job, Lee was working with JP Morgan from 1995, where he most recently worked in the positions of senior country officer, Singapore, and CEO, South East Asia Investment Banking.

Before JP Morgan, he held numerous investment banking roles with Citibank and Credit Suisse First Boston in New York, Singapore and Hong Kong.

Founded in 1870, Deutsche Bank has a workforce of 78,000 employees, in more than 70 nations across the globe and offers banking and wealth management services, among others.