Commerzbank Private Banking in Singapore has confirmed the promotion of Henrik Mikkelson to head of Private Banking for South East Asia. Mr Mikkelson took over the role on 1 March 2007. Mr Mikkelson, who has been with the bank for two years, reports to Ubbo Oltmanns who has replaced Pascal Crepin as managing director, head of wealth management. Mr Oltmanns’ role covers private banking, asset management and trusts.