Deutsche Bank today announced Islamic Finance News has recently recognized the Bank as Best Islamic Trustee / Custodian in its 2011 Best Banks Poll. This is the second consecutive year Deutsche Bank has achieved this recognition.
The Islamic Finance News 2011 Best Banks Poll takes an unbiased and all-encompassing approach in selecting the best banks in the world. The poll, including votes from issuers, investors, non-banking financial intermediaries and government bodies from around the world, recognizes the best providers of Islamic financial services across a series of markets.
F. Jim Della Sala, Global Head of Trust and Agency Services, Deutsche Bank, said, “We are honoured to have received this prestigious title from Islamic Finance News. Through both our Trust and Agency Services and Direct Securities Services businesses we are committed to delivering world-class trustee and custody solutions to our clients in the growing Islamic Finance market and throughout the globe.”
Sriram Iyer, MENA Head of Global Transaction Banking, Deutsche Bank, said, “Our expansion in MENA and Asia has mirrored the impressive growth in Sukuk transactions. Deutsche Bank is pleased to have supported landmark deals and leading-edge transactions that have distinguished us as a trustee and custodian leader in the Islamic Finance market. We look forward to continuing to demonstrate the depth of our capabilities, commitment and customer focus.”
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Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.
Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on www.tss.db.com.
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