Corporate executives wary of tariffs complicating investment decisions, says Deutsche Bank's Matthiessen

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Subscribe to enjoy similar stories. MUMBAI : Corner-office executives across the world are wary of regulatory changes sparked by fresh tariff barriers, complicating investment decisions and adding to business uncertainties, said Ole Matthiessen, global head of cash management and head of corporate bank for Asia-Pacific, Middle East and Africa at Deutsche Bank. “Tariffs add uncertainty, forcing clients to rethink supply chains and investments.

Regulatory changes are among the top concerns for CEOs and CFOs, and we help clients navigate these challenges to maintain resilience and profitability," Matthiessen said in an interview. In Deutsche Bank since 2008, Ole took the current role as global head of cash management in 2019. In 2022, he took on the additional responsibility as the head of corporate bank for the Asia-Pacific or APAC region.

Thereafter, since January 2024, he is also responsible for the corporate bank in Middle East and Africa. “I oversee Deutsche Bank's global cash management business, and regularly spend time in Europe, Asia, and the US. Within my responsibility for the overall corporate bank activities for Asia, Middle East and Africa and the associated travel, I visit both India and China up to four times a year," said Matthiessen.

Globally, the German bank has four main business divisions. These are corporate bank, investment bank, private bank and asset management. In calendar year 2023, pre-tax profit of the corporate bank division at Euro 2.9 billion (about $3.1 billion) accounted for over half of the total profit before tax of the bank.