Today Deutsche Bank celebrates its 100th anniversary in Brazil. The Bank first established its presence in Brazil on August 1, 1911, when Deutsche Ueberseeische Bank, a Deutsche Bank subsidiary, opened a branch of Banco Alemão Transatlântico in Rio de Janeiro to foster trade between Brazil and Germany. At that time, Deutsche was as one of the first international banks to be established in Brazil.
Throughout the years, Deutsche Bank has been part of major economic and financial developments in Brazil, performing transactions that have contributed to the country’s development. Coupled with the Bank’s local and global expertise, it has been continuously winning challenges and growing.
Deutsche Bank Brazil, based in São Paulo, has approximately 260 employees managing Debt and Equity Sales &Trading, M&A, Debt and Equity Capital Markets, and Global Transaction Banking. With an undisputed commercial and investment portfolio, Deutsche Bank Brazil is continuing to offer a comprehensive suite of products and services for Brazil’s leading companies.
Its remarkable growth has received several accolades in the industry. In December 2010, the Brazilian Association of Financial and Capital Market Entities (ANBIMA) ranked Deutsche Bank as No.1 in government securities issuance in Capital Markets and No.9 in M&A. Also, Valor Econômico, a leading business publication in Brazil, ranked Deutsche Bank as No.4 in its 2010 special edition on external funding.
According to Bernardo Parnes, CCO of Deutsche Bank in Brazil and CEO of Latin America, Deutsche Bank is among Brazil’s leading financial institutions, and is well positioned to be a top investment bank in the Brazilian market in 2012. He noted: “Our challenge is to replicate locally the strength, leadership, knowledge and experience that Deutsche Bank has globally, and add the Brazilian viewpoint. We are ready to continue to grow over the next 100 years and beyond.” He also underscored: “Brazil’s commendable importance stems not only from its size as the seventh largest economy in the world, but also from its growth potential. Deutsche has always been committed to the Brazilian market, and more so in the past few years, and stayed the course as Brazil becomes increasingly important in the global economy. Celebrating 100 years in the country is a noteworthy testament of that.”
Additional information:Image gallery of Deutsche Bank in BrazilDeutsche Bank - a strong partner in Brazil