DB Trust Company, which is wholly owned by Deutsche Bank Group, will continue the roles previously performed by DTB, including Bond Registrar, Trustee and cash manager for special purpose companies (SPCs) on a variety of financial products, including asset backed securities (ABS) and mortgage backed securities (MBS) and traditional corporate debt. The company will continue to provide these services through the same expert, specialist staff, maintaining the close client relationships established by its predecessor, DTB.
Dinkar Jetley, Global Head of TSS at Deutsche Bank said, "The commencement of operations at DB Trust Company signals the clear commitment of Deutsche Bank Group's core TSS business to our growing portfolio of clients in Japan. Japan is a core market for TSS, which already provides a range of services on over US$3 trillion in debt and equity securities worldwide."
Kikuo Nagaoka, President of DB Trust Company and formerly General Manager of the Trust & Securities Services Division at DTB, commented, "The successful transfer of operations to DB Trust Company provides Deutsche Bank Group companies with opportunities to offer a menu of services and flexibility to their clients. By building on the firm client relationships we have already established, and with strong corporate governance and management commitment to this business, this transformation of the platform will enhance the solid growth we have recorded during our four years in Japan to firmly establish ourselves as the market leader in TSS operations.
For further information, please call:
Communications, Region Japan (81 3) 5156 7704
About Deutsche Bank
With Euro 972 billion in assets and 63,751 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
With Euro 964 billion in assets and 63,352 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.
Deutsche Bank's Trust & Securities Services business, part of Global Transaction Banking, is one of the leading depositary banks for American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) and a pioneer in the processing of Global Registered Shares. It currently administers over 150 programs for issuers in more than 35 countries. Trust & Securities Services at Deutsche Bank is also a leader in supporting complex debt structures. Through a fully integrated network of specialist offices worldwide, the group provides domestic custody in 27 securities markets as well as trustee, agency, depositary, SPV management and related services for all types of financing including bonds, medium term note and commercial paper programs, asset backed and mortgage backed securities, CDOs, SIVs, project financings, escrows and syndicated loans.
DB Trust Company Limited Japan
Sanno Park Tower, Nagatacho 2-11-1, Chiyoda-ku, Tokyo
Kikuo Nagaoka, Representative Director and President
JPY 100 million
Deutsche Asia Pacific Holdings* (100%, DAPH)
*DAPH is itself 100% owned by Deutsche Bank AG
Trust and securities services and other trust related operations
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