"Our representatives are there to observe local financial and economic developments, maintain contact with central bank, finance ministry and bank representatives, and explain the Bundesbank's position," Mr Dombret said. Patrick Hoffmann, the Bank's outgoing representative in Singapore, had excelled in performing these duties over the past three years, Mr Dombret added. Mr Jang will be leaving his current position as market analyst at the Bundesbank's Central Office in Frankfurt am Main to succeed Mr Hoffmann on 1 July.