Cruz joined Deutsche Bank at the time the Manila branch was established in 1995 and is currently the head of global markets for Deutsche Bank in the Philippines overseeing the trading and sales activities in foreign exchange, money markets, fixed income, derivatives and debt capital markets. Prior to this, Cruz was a senior vice president at CityTrust Banking Corp.
In announcing the appointment Kenneth C. Borda, Deutsche Bank chief executive officer Asia Pacific (ex Japan) said, "Eric Cruz has made a significant contribution t the establishment, development and market reputation of Deutsche Bank in the Philippines. During his two-year assignment Michael Hellbeck successfully built our business and positioned it well for future growth. With his strong market understanding and client-focused approach, Eric is well placed to capitalize on the momentum built and to lead the further expansion of our franchise in the Philippines."
Cruz said: "With its global strength and firm commitment to the Philippines, Deutsche Bank will be a leading participant in the continued development of the countrys financial markets. <