Deutsche Bank has almost doubled the capital in its Bangkok Branch due to significant expansion of its business in Thailand. It has raised its capital by THB 9,500 million ($315 million) to total THB 18,000 million. Rags Raghavan, Deutsche Bank's chief country officer in Thailand, said: "The new capital is to support the expansion of our Global Markets business, particularly the growth in FX and Derivatives volumes, as well as supporting the growth of our Private Wealth Management and Transaction Banking businesses. The increase is a strong indication of our commitment to Thailand and the health of our business here." Deutsche Bank has been a large player in Thai markets since its business was established in 1978 and now employs over 140 people.