Jorge Arce Appointed Chief Country Officer of Deutsche Bank Mexico

NEW YORK--(BUSINESS WIRE)--Deutsche Bank today announced that Jorge Arce has been appointed Chief Country Officer for Deutsche Bank Mexico. Arce will be based in Mexico City and will report to Bernardo Parnes, CEO of Deutsche Bank Latin America.

“Mexico remains a key growth area for Deutsche Bank in the Americas and is a cornerstone of our strategy in Latin America. I am confident that the momentum we have developed in Mexico over the past several years will continue under Jorge’s leadership.”

Arce, a 16-year veteran of Deutsche Bank, most recently served as Head of Northern Latin America for the bank’s Private Wealth Management business. Arce will replace Juan Guthmann, Chief Operating Officer for Latin America who also served as interim Chief Country Officer for Deutsche Bank Mexico.

“Jorge has a unique understanding of clients’ needs and has been instrumental in developing strong client relationships in Mexico,” said Parnes. “Mexico remains a key growth area for Deutsche Bank in the Americas and is a cornerstone of our strategy in Latin America. I am confident that the momentum we have developed in Mexico over the past several years will continue under Jorge’s leadership.”

“Having experienced firsthand the development of the Bank’s franchise in Mexico over the past several years, I am honored and excited to be taking on this role,” said Arce. “I look forward to working with my colleagues to further strengthen the Deutsche Bank platform and maintain the excellent level of service that we deliver to our clients in Mexico.”

Deutsche Bank has been active in Mexico for more than 50 years, having first established itself in 1957. In 1995, Deutsche Bank obtained its license to operate a Casa de Bolsa (Broker Dealer). In 2000, Deutsche Bank obtained a local banking license and Deutsche Bank Mexico, S.A. - Institucion de Banca Multiple began operations.

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