Marilyn Spearing, global head of trade finance and cash management for corporates for Deutsche Bank has resigned. She is taking a sabbatical, and will be replaced by Michael Spiegel, her deputy, Asiamoney PLUS understands.
Marilyn Spearing, Deutsche Bank’s London-based global head of trade finance and cash management, has left her post and gone on sabbatical. She will be replaced by Michael Spiegel, her deputy, Asiamoney PLUS understands.
A spokeswoman for Deutsche Bank said that Spearing had gone on sabbatical to explore other opportunities within the bank after more than 20 years of investment banking.
Spearing was a high impact hire for Deutsche in 2006 when she was appointed to her most recent position. She had previously been HSBC’s global head of sales for its global transaction banking franchise, and that role followed a 10-year stint as HSBC’s global head of payments and cash management.
The cash management veteran has also served on the board of the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
The move comes fairly soon after another high profile departure from Deutsche. Thomas DuCharme, who held two roles— as Asia-Pacific head of trade finance and cash management corporates and Asia-Pacific head of global transaction banking (GTB)—left the German bank for J.P. Morgan last year.
Deutsche has only just finished filling the two roles formerly held by DuCharme. It announced on May 4 that it had hired Lisa Robins, previously of J.P. Morgan, as its head of Asia-Pacific global transaction banking. Meanwhile Kaushik Shaparia was appointed head of the region’s trade finance and cash management corporates at the end of last year.