Commerzbank appoints new Senior Representatives in Vietnam and Taiwan

  • Thomas Debelic will head Commerzbank’s Representative Office in Ho Chi Minh City, Vietnam
  • Hans-Kurt Schäfer will head Commerzbank’s Representative Office in Taipei, Taiwan

Commerzbank has appointed two new Senior Representatives for its East Asian offices, with Hans-Kurt Schäfer taking over in Taiwan as Thomas Debelic moves to head Commerzbank’s Vietnam Representative Office.

Having led the Taiwan Representative Office since 2012, Debelic will replace Norbert Kraatz, who has retired, in Vietnam – from where he will also cover Cambodia and Laos. Before working in Taipei, Debelic headed Commerzbank‘s Representative Office in Romania. Debelic joined Commerzbank in 2001.

The main task of the Representative Offices is to establish close contacts with local banks, and advise corporate customers mainly from Germany and Europe. Furthermore, it is their task to cultivate contacts to local government offices. Commerzbank is represented at 70 locations in 50 countries worldwide. Commerzbank’s Financial Institutions division maintains relations with about 5,000 credit institutions worldwide.

Commenting on the move, Debelic says: “I look forward to my new position in Vietnam and hope to bring my experience of working with emerging financial markets and micro finance-strategies to South East Asia. I would also like to thank my predecessor, Norbert Kraatz, for having built a solid foundation of expertise and contacts in this fast-developing part of Asia.”

Schäfer takes up the Taipei position having been a relationship manager at Commerzbank for Greater China since 2009. Previously, Schäfer led Commerzbank’s Financial Institutions business in Hong Kong for seven years and was also Chief Representative in Commerzbank‘s Bangkok Office. Schäfer began his Commerzbank career in 1989, and has also worked in Frankfurt, London, Beijing and Shanghai.

Schäfer comments: “I am excited to be returning to Asia and adding to 30 years of experience working there and closely monitoring its development. Taiwan, in particular, is an interesting country and a market with great opportunities for engaging with the wider global economy. I would like to wish Thomas Debelic well on his new position and hope to build on his crucial work in Taiwan.”

Most recent episodes

Podcast - Journeys to Treasury Deep-Dive: Cash Flow Hedge Accounting at JT Group

Listen to this audible case study, which provides a lens over the details of a recent cash flow hedge accounting project undertaking by the JT Group treasury team.


Podcast - Innovation as an Enabler: Sustaining Global Trade Finance in Uncertain Times

J.P. Morgan's Bayo Osolake, who joins Eleanor Hill (TMI) to discuss how treasurers can facilitate global trade in the currently turbulent macroeconomic environment.


Relative Normality On Horizon — But Divergent Monetary Policy Pathways Likely

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management.


Audio TMI - MMF Reform Proposals Threaten LVNAV Viability for European Treasurers

Proposed MMF changes currently being debated at European Commission level endanger the utility of one of the most popular forms of MMF used by corporate investors across the continent.

Audio TMI - Special FX

Two experts from NatWest share the inside track on how treasurers can better manage FX risks by shaking up legacy processes and old-fashioned thinking, improving data coll...


Audio TMI - Roadmap Towards a First-Class Group Treasury

As the perennial debate continues around the pros and cons of a centralised tre...


Audio TMI - How Etihad Covered all Three ESG Elements in One Sustainability-Linked Financing

Etihad Airways recently raised US$1.2bn in the first sustainability-linked loan in global aviation with terms that relate to all three areas of ESG.


Reducing Friction in International Payments: Five Steps for Treasury Teams

What are the steps that treasury teams can take to remove roadblocks in processing international payments? Daniela Eder, Gibran Maqsood, and Karsten Becker (Barclays) to answer this question.


Keeping the Plates Spinning: the Art of Treasury Project Management

Sandra Shen (Actualize Consulting) joins TMI's Tom Alford to offer professional insight into what defines successful treasury project management. 


Audio TMI - ESG: Time to Decide

The pressure to comply with ESG initiatives is being felt by corporates like never before, with ESG-compliance a common concern among treasury departments.