Deutsche Bank announced that it has appointed Kamran Khan to the newly created role of Head of ESG (Environmental, Social and Governance) for Asia Pacific. He will be responsible for developing and coordinating the regional business strategy around ESG across all of the bank’s business divisions in the region. To be based in Singapore, Khan will be reporting regionally to Asia Pacific CEO Werner Steinmüller and locally to David Lynne, Singapore Chief Country Officer, Head of Corporate Bank APAC, and Head of Fixed Income and Currencies APAC.
Before joining the bank, Khan was appointed by the Obama White House to serve as head of global investments and operations at the US Millennium Challenge Corporation. Other than that, he also established the World Bank Group Hub in Singapore and has led investments in sustainable development across the globe.
Steinmüller commented on the appointment, “We have created this role as a statement of our intention to place ESG at the heart of our organization and the service we provide to clients in this region. ESG is a key strategic priority for us globally and regionally, and one that spans the full spectrum of our businesses.”
Deutsche Bank has had a longstanding commitment to sustainability. The bank has been a member of the UN Environment Programme Finance Initiative and signatory of its Declaration of Sustainable Development since 1992, achieved climate neutrality in operations since 2012, and has been a supporter of the Paris Climate Agreement since 2015. In 2019, the bank was a founding signatory of the UN Principles for Responsible Banking. The bank has also committed that by 2025 its total volume of sustainable financing and investments will exceed EUR 200bn, and that its operations will be powered entirely by renewable energy sources.