Atul Jain and Oliver Resovac have been appointed Heads of Trade Finance and Lending at Deutsche Bank


Atul Jain and Oliver Resovac have been named co-heads of Deutsche Bank’s Trade Finance and Lending (TF&L) division.

With more than 20 years of experience across Deutsche Banks’s corporate and investment banking, both in the US and in Asia-Pacific, Atul Jain is one the bank’s most seasoned trade finance experts. He currently runs the bank’s Asia-Pacific Trade Finance and Lending business. Atul is based in Singapore.

“The employment of Atul and Oliver from within the bank highlights our professional bench strengths in trade financing,” said Stefan Hoops, Head of Deutsche Bank’s Corporate Bank. Given the current political context, as Global Hausbank to many of the world’s most worldwide corporations, securing trade flows has become a top priority for us. We are excellently positioned to gain from the expanding importance of Asia Pacific for global trade with this co-leadership structure and Atul’s and Oliver’s home bases in Germany and Asia Pacific.”

Oliver Resovac has been with Deutsche Bank in London and Frankfurt for more than 20 years. He joined the Corporate Bank from the bank’s investment bank, where he was previously Head of Illiquid and Complex Risk. Oliver will be based in Frankfurt.

The trade finance landscape is bigger there is more global trade in 2021, trade finance volumes bounced back from the pandemic’s impact, with the United Nations Conference on Trade and Development (UNCTAD) recording an all-time high of US$28.5trn, an increase of almost 13% on pre-pandemic levels.

Banks’ trade finance business has undergone enormous change over the past few years as technology, geopolitics, and the pandemic have rearranged the competitive landscape together with increased levels and complexity of risk. The Co-Head structure for the bank’s trade finance business reflects those changes.

Structured financing has become more demanding as demand for infrastructure financing ramps up, and geopolitical tensions highlight possible commodities security issues, structured commodity trade finance deals and structured export finance deals are increasingly in demand. As they provide the opportunity to deliver ESG-aligned structures for corporate and institutional clients that make it possible to align sustainable behaviour with lending terms.

 

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