Deutsche Bank Expands Pacific CRE Biz

Deutsche Bank has announced the expansion of its global commercial real estate business in the Asia-Pacific region with the hiring of Frank Forelle as managing director and head of CRE for the region.The bank also announced the appointments of Greg Wells as director and head of CRE in China and Tony Moussa as head of CRE in Australia, both of whom will report to Mr. Forelle. Mr. Forelle was most recently managing director and head of commercial mortgage-backed securities in North America at ABN Amro, and he was previously head of commercial mortgage sales and trading at Citicorp Securities Inc. "The Asia-Pacific region is generating some of the world's most interesting opportunities in commercial real estate, and we expect it to be a growth engine for years to come," said Jon Vaccaro, the bank's global head of CRE. The bank can be found online at http://www.db.com.