Deutsche hires Asia chief

DVB’s former Asia chief Peter Illingworth has re-emerged in a similar role at Deutsche Bank after a summer of gardening leave.

In a note to clients, Illingworth said he joined the German lender as head of shipping in Asia this week in Singapore.

And he added: “In my new role you can expect me to show the same unwavering support for the shipping community, with the additional benefits of Deutsche's financial muscle and extensive corporate and investment banking product suite.”

Illingworth left DVB in June after joining as part of the acquisition of LTCB’s International Transportation business in 1998.

At the time he said: “I’m proud to have been part of the team which transformed the bank into a leading provider of financial services in the maritime sector.”

He mentioned “an exciting new role in Singapore in August” before taking an enforced break.