Colin Grassie, the Scot who heads Deutsche Bank UK, has become the first UK chief executive at the bank to be appointed to its global executive committee.
Glaswegian Mr Grassie, a former triathlete, sits on the board of the British Bankers Association and the International Capital Market Association.
He is also chair of the development trust of the Glasgow School of Arts, is on the board of governors of Fettes College in Edinburgh and sits on the advisory board of Winning Scotland.
Deutsche Bank has 8000 employees in the UK and it is the first time that a territory outside Germany has been given a dedicated place on the bank's global committee.
A bank spokesman commented that it was "a reminder of the UK's unique position and importance in global financial markets".
Deutsche Bank's UK exploits since Mr Grassie became UK chief executive officer in 2009 have included the bank's involvement in key government mandates, most recently the much-scrutinised sale of Northern Rock to Virgin Money. It is also the first investment bank to create a UK social investment fund for social projects with a financial return, having launched the £10 million Impact Investment Fund last November.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article