Deutsche Bank tapped a former Chase Manhattan Corp. executive to lead its Global Institutional Services unit.
James Zeigon will join Deutsche Bank on April 3 as chief executive officer of Global Institutional Services, said a spokesman for the Frankfurt banking company. He succeeds Mary Cirillo, who left Deutsche Bank last month to pursue opportunities in e-commerce.
Mr. Zeigon, 52, will report to Hermann-Josef Lamberti, who is a member of Deutsche Bank's board and is responsible for the banking company's Global Technology and Services division.
Mr. Zeigon's appointment coincides with some executive reshuffling among his direct reports in Deutsche Bank's Global Institutional Services unit.
According to an internal memo, Juergen Marziniak will assume leadership for global securities services next month. He is rejoining Deutsche Bank after a two-year absence when he served as chief executive of Clearstream Bank.
Meanwhile, Larry Klane has been named head of global cash management, succeeding David Hinds who is retiring this year. In turn, Dinkar Jetley will succeed Mr. Klane, who headed corporate trust and agency services.
Deutsche Bank's Global Institutional Services delivers global cash management, custody services, securities services and corporate trust & agency services to 6,000 clients in the Americas, Europe and Asia Pacific. It employs 7,000 people in 30 countries.
Mr. Zeigon, was at Chase for over 20 years and most recently headed up the New York-banking company's Chase Global Services unit. He left in April 1999 to "pursue other opportunities," according to a Chase spokesman. Donald Layton, a Chase vice chairman, assumed Mr. Zeigon's responsibilities.
