HDI Global opens Representative Office in Bangkok
HDI Global is delighted to announce the opening of a Representative Office in Bangkok, Thailand, following regulatory approval from the Ministry of Commerce. The Representative Office will be run by the newly appointed Marketing Director Somchai Trongwisalpattana, reporting to Graham Silton, Managing Director of HDI Global Singapore.
HDI Global continues to grow strongly across the ASEAN region, especially in Thailand. “The opening of our office in Bangkok shows our commitment and growth ambitions for Thailand and the wider region to serve our clients and business partners locally”, says Graham Silton. The newly appointed Marketing Director Somchai Trongwisalpattana will run the Representative Office.
“We are delighted to welcome Somchai to our team. He is highly respected and well connected in the industry and I am very confident he will actively promote and showcase our capabilities to the market.”Graham Silton,Managing Director of HDI Global Singapore
Somchai Trongwisalpattana can look back on nearly 40 years in the insurance industry with a broad experience in commercial as well as industrial insurance.
“I am very pleased to be a member of HDI Global and a representative in Thailand. I believe that the new office will bring value and benefit to our clients and brokers in the form of fast decision-making processes of a Global Player who acts locally close to its clients’ business.”Somchai Trongwisalpattana,Marketing Director of Representative Office in Bangkok
HDI Global SE has a very strong financial A+ rating and is keen to support large and corporate accounts with its proven Underwriting, Risk Engineering and Claims expertise. “I am confident that I can provide quick response and service to our clients and brokers here in Thailand with our experienced and professional underwriters”, says Somchai. From Singapore, HDI Global covers all major lines of business including Property, Power and Energy, Engineering, Casualty and Marine.
Photo: Graham Silton, Managing Director of HDI Global Singapore
Deutsche Bank to open representative office in Bangladesh
Deutsche Bank is expanding its global network with the launch of its first representative office in Dhaka, Bangladesh. With this new market entry, Deutsche Bank’s regional footprint in Asia Pacific will soon span 15 diverse markets.
Responding to strong client demand for trade finance support in this fast-growing country, Deutsche Bank will commence operations in Bangladesh shortly. The representative office will focus on supporting multinational corporate clients, predominantly exporters to Bangladesh. The bank has hired Syed Naushad Zaman, previously Deputy Head of the Commerzbank Representative Office in Bangladesh, to lead its business in the country.
“We continue to grow and invest in our business in Asia Pacific,” said Deutsche Bank Chief Executive Officer for Asia Pacific and Member of the Management Board Alexander von zur Muehlen. “We are proud that in our 150th anniversary in Asia Pacific, we are welcoming a 15th market to our strong regional network.”
“Bangladesh is a great example of the significant opportunity that we see for our platform in the region. With its fast-growing economy we enter this market to support its increasing participation in regional and global trade.”Alexander von zur Muehlen
Atul Jain, Deutsche Bank Global Co-Head for Trade Finance and Lending, added, “Bangladesh is an increasingly strategic market for both our global multinational and German corporate clients. This representative office reflects our firm commitment to support our clients’ evolving risk management and financing needs in this dynamic growth market.”
According to the Embassy of Bangladesh, Germany is the largest trading partner of Bangladesh in Europe and the second largest globally. German exports to Bangladesh have tripled in the past 25 years. In 2021 German exports to Bangladesh recorded a 45 per cent increase to US$ 877 million. At almost US$ 400 million, just under half of this was machinery and equipment.