Deutsche Bank Expands Global Commercial Real Estate Business in Asia-Pacific Region

Strategic Insights -

Deutsche Bank has taken a significant step towards expanding its presence in the Asia-Pacific region's commercial real estate market. The bank has appointed Frank Forelle as Managing Director and Head of Commercial Real Estate, Asia-Pacific, aiming to leverage its strengths in real estate and investment banking to support clients' growth in the region. Forelle will lead the expansion of the bank's successful commercial real estate operations in Japan to other markets in the Asia-Pacific region, including China and Australia.

Key Takeaways:

  • Frank Forelle joins Deutsche Bank as Managing Director and Head of Commercial Real Estate, Asia-Pacific, reporting to Jon Vaccaro, Global Head of Commercial Real Estate (CRE).
  • Forelle will lead the expansion of the bank's commercial real estate operations in Japan to other markets in the Asia-Pacific region, including China and Australia.
  • The bank has appointed management appointments for its CRE operations in the region, with Greg Wells as Director and Head of CRE, China, and Tony Moussa as Head of CRE, Australia.
  • Sunil Madan will continue as Head of CRE, Japan, based in Tokyo.
  • Frank Forelle has over 13 years of experience in commercial real estate, having previously worked at ABN AMRO and Citicorp Securities, Inc.
  • Greg Wells has 10 years of experience in real estate, having previously worked at Paul, Hastings, Janofsky & Walker LLP and Morgan Stanley Japan Limited.
  • Deutsche Bank has been recognized for its expertise in global commercial real estate, being voted number one in Global Commercial Real Estate (CRE) Banking in the inaugural Euromoney Awards for Excellence in Real Estate 2005.

Statistics:

  • Deutsche Bank has $972 billion in assets and 63,751 employees worldwide.
  • The bank has a strong presence in 74 countries, with a significant private and business banking franchise in Germany and selected countries in Continental Europe.
  • The Asia-Pacific region is expected to drive growth in commercial real estate, with opportunities arising from clients seeking to realize regional and global ambitions.

Sources:

  • Deutsche Bank press release (no date)
  • Euromoney Awards for Excellence in Real Estate 2005
  • Deutsche Bank About Us page (www.db.com)