Deutsche Bank announced today it will open an Agency Securities Lending desk in Hong Kong in the second quarter of 2012 to better service the needs of clients in local Asian markets.
Greg Chamberlain, who recently joined Deutsche Bank, will lead Agency Securities Lending trading operations in Asia and will be based in Hong Kong. Chamberlain, previously with Barclays Capital, brings more than 20 years experience in the securities lending industry. In his new role, Chamberlain will report to John Schreyer, Head of Agency Securities Lending trading EMEA and Asia, Deutsche Bank.
Mrugank Paranjape, Asia Head of Direct Securities Services, Deutsche Bank, commented, "Deutsche Bank is dedicated to meeting the needs of our clients in Asia, and the establishment of an Agency Securities Lending unit in Hong Kong demonstrates our commitment to the business. This expansion of our footprint further strengthens our Direct Securities Services franchise in Asia and enhances the value we bring to our clients.”
Tim Smollen, Global Head of Agency Securities Lending, Deutsche Bank, said, “The Hong Kong desk will complete our Agency Securities Lending coverage that is already in place in Frankfurt, London, New York, Poland and Turkey. We look forward to further supporting the Agency Securities Lending needs of our clients by being in the same time zone, allowing us to best coordinate trading in local Asian markets. In addition, we are pleased to welcome Greg, who will leverage his more than 20 years of experience in the securities lending industry to help us increase our presence in Asia.”
For further information, please call:
Deutsche Bank AG
Press & Media Relations
Phone: +1 212 250 4516
About Deutsche Bank
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 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.
Trust & Securities Services
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.
This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG New York.
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