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Press Releases 2007
Press Releases 2007
December 20, 2007
Deutsche Bank enters Taiwan asset management marketDeutsche Bank's Asset Management division today announced its formal entry to the Taiwanese funds management market, following the signing of an agreement to acquire a 60% majority stake in Taiwanese investment management firm, Far Eastern Alliance Asset Management Co., Ltd.... [more]
December 18, 2007
Deutsche Bank Americas Foundation commits $1.2 Million to Community Revitalization in New YorkDeutsche Bank Americas Foundation, the philanthropic arm of Deutsche Bank in the United States, today announced a $1.2 million commitment to local cultural organizations and community revitalization in New York City through its Arts and Enterprise program. Deutsche Bank launched the Arts and Enterprise program in 2003 to encourage the use of the arts, culture, and the creative sector to drive neighborhood economic development.... [more]
December 17, 2007
Deutsche Bank to sell its life insurance company in Italy, DWS Vita, to ZurichDeutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today announced that it entered into definitive agreements for the sale of DWS Vita SpA, an Italian life insurance company, to Zurich Financial Services Group ("Zurich"). DWS Vita SpA has technical reserves in excess of EUR 1.0 bn and mainly distributes its life insurance products through Finanza & Futuro Banca SpA ("Finanza & Futuro"), Deutsche Bank's network of financial advisors in Italy.... [more]
December 7, 2007
Powershares DB Commodity and currency funds declare distributionsDeutsche Bank today announced that each of the PowerShares DB funds (listed below) will declare per share distributions payable to shareholders of record as of December 19, 2007. The exact amount per share to be distributed by each of the PowerShares DB funds will depend upon the number of shares outstanding for each PowerShares DB fund as of the close of business on December 14, 2007.... [more]
December 7, 2007
NRW.BANK and Deutsche Bank conclude a € 200 million global loanDeutsche Bank and NRW.BANK have concluded an agreement on a global loan totalling € 200 million. NRW.BANK, the development bank of the State of North Rhine-Westphalia (NRW), will provide Deutsche Bank with low interest refinancing funds to issue loans to small and mid-sized businesses in North Rhine-Westphalia.... [more]
December 5, 2007
Capital Market Outlook 2008: The World in Transition - Part 2High price volatility in many asset classes has kept investors on all financial markets on suspense over the last few weeks. Almost simultaneously, oil prices broke the resistance level of 90 USD, the gold price rocketed to over USD 800, and works of art were auctioned at record prices.... [more]
December 4, 2007
Deutsche Bank Foundation's Kandinsky Prize: award winners announced The Deutsche Bank Foundation, Deutsche Bank Russia and Russia's leading art magazine "ArtChronika" presented the winners of the "Kandinsky Prize". For today's prize award ceremony, the jury already agreed on November 20 on nine nominees from among the preliminary selection of artists, whose works were on display at the Winzavod Contemporary Art Center in Moscow until November 27.... [more]
November 30, 2007
Deutsche Bank further strengthens SPAC Equity BusinessDeutsche Bank Securities Inc. today announced it is adding three senior specialists in the Bank's Equities group as part of an expansion of its Special Purpose Acquisition Company (SPAC) coverage and distribution business. Gil Ottensoser will join the Bank's US Cash Equity Sales Group as a Managing Director and Eric S. Hackel has joined US Cash Equity Sales as a Vice President.... [more]
November 26, 2007
Josef Ackermann feted by American Jewish CommitteeThe American Jewish Committee, one of the oldest and most respected civil rights and human rights organizations in the United States, presented its prestigious Herbert H. Lehman Human Relations Award to banking industry leader Josef Ackermann at a gala dinner at the New York Hilton Hotel.... [more]
November 19, 2007
Deutsche Bank Supports Pipilotti Rist's First Museum Show in Japan From November 17 until February 11, 2008, the Hara Museum for Contemporary Art will present Pipilotti Rist's first large solo show to be held in a Japanese museum. Entitled 'Pipilotti Rist: Karakara', the exhibition in Tokyo will contain ten representative works by the important Swiss artist.... [more]
November 8, 2007
Deutsche Bank appoints Zoltan Kuralias Chief Country Officer for HungaryZoltan Kurali has been appointed as the new Chief Country Officer for Hungary and CEO of Deutsche Bank ZRt., Budapest. He takes over from Farbod Lotfi, who has left Deutsche Bank to pursue further opportunities. Based in Budapest, Zoltan Kurali is responsible for overseeing all activities of Deutsche Bank in Hungary.... [more]
November 5, 2007
HB-SIA: A symbol under constructionAfter four years of research, complex scientific calculations and simulations, Bertrand Piccard and André Borschberg, leaders of the Solar Impulse team, and future pilots, presented today the final design of the 61 meter wingspan prototype airplane matriculated HB-SIA. On this occasion, they were joined by the main partners' CEOs, Christian Jourquin from Solvay, Nick Hayek Jr. and Stephen Urquhart from Omega as well as Josef Ackermann from Deutsche Bank, who helped reveal the 6 meter model of the prototype. ... [more]
November 5, 2007
Deutsche Bank to launch first ETFs on short iTraxxDeutsche Bank will launch the first three short iTraxx ETFs this week as part of its db x-trackers Exchange Traded Fund (ETF) platform. The three new ETFs are based on new indices, developed by the International Index Company (IIC) and launched this week.... [more]
October 23, 2007
Deutsche Bank hires Daniel Feehan to expand like-kind exchange servicesDeutsche Bank today announced that Daniel Feehan has joined its Trust & Securities Services business, part of the Global Transaction Banking division, to expand the Bank's product offering for like-kind exchanges. Under IRS Code 1031, corporations and individuals are able to defer recognition of capital gains liabilities which result from the sale of real estate,... [more]
October 17, 2007
dbFX expands global retail foreign exchange offering with Middle East launchdbFX, the online retail foreign exchange margin trading platform of Deutsche Bank today launched its Middle East offering, becoming the first international investment bank to provide a service of this kind. Instigated to capitalise on the growing retail foreign exchange market, the Arabic language web site will offer retail investors the opportunity... [more]
October 16, 2007
Deutsche Bank hires Drausio Giacomelli as Head of EM Market StrategyDeutsche Bank Securities Inc. today announced the hire of Drausio Giacomelli as a Managing Director and Head of Emerging Markets Market Strategy. Giacomelli will head a team of strategists responsible for generating investment recommendations on emerging markets' currencies, equities, sovereign and corporate debt.... [more]
October 12, 2007
Deutsche Bank prices A$1.35 billion note issueDeutsche Bank today priced a A$1.35 billion issue of 3 and 5 year fixed and floating notes at the equivalent of the 3 month Australian Dollar Bank Bill Swap Rate (BBSW) plus 38 and 48 basis points respectively. Chum Darvall, CEO of Deutsche Bank Australia and New Zealand said "The issue was heavily subscribed and successfully priced... [more]
October 11, 2007
Deutsche Bank and Finextra Research launch Fintech M&A 2007Deutsche Bank and Finextra Research have partnered to launch Fintech M&A 2007 - a day long conference bringing together business leaders, M&A specialists and investors. The networking conference will launch at the Andaz Liverpool St. (formerly Great Eastern Hotel) on the 30th October 2007. ... [more]
October 9, 2007
Deutsche Bank to host 13th annual Women on Wall Street ConferenceDeutsche Bank today announced that its Women on Wall Street® Network (WOWSTM) will host the 13th Annual 'Women on Wall Street®' conference, entitled 'It's your move: Driving Change in Your Career and Life', on Tues., Oct. 16 in New York. WOWS® has sponsored 'Women on Wall Street®' for employees from Deutsche Bank... [more]
October 3, 2007
Deutsche Bank closes first Islamic Collar Profit Rate Swap with DIBDeutsche Bank yesterday closed an Islamic Profit Rate Collar structure with Dubai Islamic Bank (DIB). The transaction was over USD 500m in notional, and is the largest such structure done in the Islamic Markets. The hedging structure required more flexibility than a vanilla Islamic Profit Rate Swap.... [more]
October 1, 2007
Ralf Bedranowsky appointed new Global Head of DB Shipping Ralf Bedranowsky (48) joins the Management of DB Shipping, the global shipping unit of Deutsche Bank, on October 1, 2007. As Global Head of DB Shipping he will be responsible for Deutsche Bank's worldwide ship financing business, including Schiffshypothekenbank zu Lübeck (SHL).... [more]
September 27, 2007
Deutsche Bank commits $1 Million to education in New YorkDeutsche Bank today announced a $1 million commitment to education in New York City as part of a program to develop and train teachers in underserved communities around the world. The grant will fund the first phase of the new "Teachers as Leaders" program, which was announced today at the Clinton Global Initiative (CGI) by the Deutsche Bank Americas Foundation and its partners, ... [more]
September 27, 2007
Isa Genzken, "XXL", 2007 - issued by Deutsche Bank Isa Genzken, who is representing Germany this year at the Venice Biennale, has created an edition exclusively for Deutsche Bank, the main sponsor of the German pavilion. Based on the artist's installation in Venice, "XXL" can be obtained at a discount price until the end of the Biennale on November 20, 2007. ... [more]
September 12, 2007
Deutsche Bank appoints Monte Koch Global Head of Real Estate Investment BankingDeutsche Bank Securities Inc. today announced that Monte Koch has been appointed Global Head of Real Estate Investment Banking. Koch, a veteran banker for more than 20 years, has served in a variety of leadership roles at Deutsche Bank and, for the last several years, has been extensively involved with the firm's most prominent real estate, gaming and lodging clients.... [more]
September 6, 2007
Deutsche Bank continues leadership support of Metropolitan OperaDeutsche Bank today announced it has underwritten the Metropolitan Opera's Opening Night Gala for the seventh consecutive year and provided leadership support of the Met's live transmissions of the Opening Night performance of Donizetti's "Lucia di Lammermoor" onto outdoor screens in New York City's Times Square and at Lincoln Center's Josie Robertson Plaza... [more]
September 6, 2007
Deutsche Bank supports Villa Romana in Florence After extensive renovation work, Villa Romana will be re-opened on September 7. The artists' retreat in Florence was founded more than a century ago to create a forum for contemporary art that is shaped by the artists themselves and independent from the state. The largest private sponsor of the Patrons' Association of Villa Romana is Deutsche Bank Foundation;... [more]
September 4, 2007
Deutsche Bank gives 3Q2007 performance updateJosef Ackermann, Chairman of the Management Board of Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) will today be speaking on the US sub-prime crisis and its implications at a banking conference in Frankfurt. With respect to the impact of recent market turbulence on Deutsche Bank and financial institutions... [more]
August 29, 2007
Deutsche Bank appoints co-Heads of Global Banking in RussiaDeutsche Bank today announced the appointments of Andrew Chulack and Dmitry Snesar as co-Heads of Global Banking in Russia. In May 2007, Chulack and Snesar took on the roles of deputy co-Heads of Global Banking in Russia. Both will continue to be based in Moscow.... [more]
August 24, 2007
Deutsche Bank gets USD300m QDII quota in China Deutsche Bank China today announced that the State Administration of Foreign Exchange (SAFE) has approved a USD300m qualified domestic institutional investors (QDII) quota, which will allow the Bank to offer overseas investment products to domestic clients.... [more]
August 20, 2007
Deutsche Bank appoints Simon Grenfell as Head of Commodities, AsiaDeutsche Bank today announced it has appointed Simon Grenfell as a Managing Director and Head of Commodities, Asia. Mr Grenfell started in this new position today and is based in Singapore. Working within the Global Credit Trading product group, Mr Grenfell will report regionally to Sajid Javid, Head of Global Credit Trading in Asia (ex-Japan) and globally to... [more]
August 14, 2007
Deutsche Bank appoints Global Head of Metals TradingDeutsche Bank today announced the appointment of Ray Key as Global Head of Metals Trading. He will be based in London and is charged with developing Deutsche Bank's metals trading business. Key will report to David Silbert, Global Head of Commodities, with immediate effect.... [more]
August 9, 2007
David Fry to join Deutsche Bank as Head of Global Markets CanadaDeutsche Bank today announced that David Fry will join as a Managing Director and Head of Global Markets for Canada. He will be responsible for all debt products in the region and report to Paul Jurist, Country Head for Deutsche Bank in Canada, and Phil Weingord, Head of Global Markets for the Americas. Fry will join the bank this fall and be based in Toronto.... [more]
August 2, 2007
Standard & Poor's upgrades Deutsche Bank's ratingStandard & Poor's Ratings Services raised today the long-term counterparty credit rating of Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB) and various core operating entities to 'AA' from 'AA-'. The outlook is stable. Standard & Poor's commented that the upgrade would reflect major and sustained improvements in Deutsche Bank's operating performance across all business lines and in its credit and market risk profile.... [more]
July 31, 2007
Deutsche Bank adds David Platt to Mergers and Acquisitions GroupDeutsche Bank Securities Inc. today announced that David Platt has joined the firm's Global Banking Division as a Managing Director in the Mergers and Acquisitions Group in the Americas. In his new role, Platt will be responsible for driving M&A activity for middle market corporates and financial sponsors.... [more]
July 30, 2007
Deutsche Bank launches first ETF linked to S&P CNX Nifty index Deutsche Bank has launched the first internationally-traded ETF linked to the S&P CNX Nifty, the flagship index for the Indian stock market. The db x-trackers S&P CNX Nifty ETF, which will be listed on Deutsche Boerse Frankfurt, is one of 41 new ETFs launched by Deutsche Bank over the past few weeks. ... [more]
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