Mr Zugic previously worked as deputy head of Deutsche Bank’s representative office in Belgrade. He will continue to focus on representing Deutsche Bank’s corporate and investment bank as well as private wealth management in Serbia, Montenegro and Macedonia. He joined Deutsche Bank in 2005 and has been in charge of financing activities, especially leveraged loans and high yield capital markets, across Eastern European countries. As head of the representative office in Belgrade, he will report to Peter Tils, CEO of the Central and Eastern Europe region.

Mr Tils said: Nemanja Zugic’s experience in investment banking and his comprehensive knowledge about the financial sector in this region will ensure that Deutsche Bank continues to grow its business in Serbia and the neighboring countries.