Deutsche Bank's Chairman of the Management Board and Group Executive Committee, Dr Josef Ackermann, today hosted the Honorable Minister for Trade and Industry and Deputy Chairman of the Monetary Authority of Singapore, Minister Lim Hng Kiang, and 400 guests and employees, at a major function to celebrate the Bank's 35th anniversary in Singapore as well as its move to its new landmark location at One Raffles Quay.
Speaking at the event, Dr Ackermann spoke of Singapore's growth over the last 41 years of independence and said that he was proud that Deutsche Bank had been an important part of the financial sector for much of Singapore's history.
“Singapore’s vibrant, competitive and well-managed financial markets are a global success story and Deutsche Bank is proud to have played a role in their development. Our business has prospered in Singapore and the country is an important part of our future growth plans.”
The Honourable Minister for Trade and Industry and Deputy Chairman of the Monetary Authority of Singapore, Minister Lim Hng Kiang, congratulated Deutsche Bank on the occasion of its 35th anniversary and new premises and said:
“Deutsche Bank’s success story mirrors Singapore’s economic transformation as we grew from a trading hub in the 70’s to a major metropolis today. We look forward to many more years of successful partnership to come as Singapore continues to provide a stable and trusted business environment, excellent infrastructure, skilled workforce, as well as open and pro-business Government policies for investments and businesses in the region.”
To mark the occasion, artist, poet, author and linguist, Tan Swie Hian, performed a live calligraphy execution for assembled guests based on a two-line verse which he has penned about the Bank, the diversity of its people, and their sustained commitment to Singapore. His work was inspired by Deutsche Bank's journey in Singapore and the composition of the Bank's 1600-plus staff in Singapore, of which 34 nationalities are represented.
Deutsche Bank's trading floor at One Raffles Quay is believed to be the single largest trading floor in Singapore and the Bank is the largest single tenant at One Raffles Quay, with 280,000 square feet of floor space.
Deutsche Bank has been awarded Best Foreign Investment Bank in Singapore the last three times such an award has been given out; by The Asset Magazine in 2005 and 2006 and by Finance Asia in 2006. Over the last two years, the Bank has carried out major capital markets transactions for important Singaporean companies such as Temasek, Keppel Land, DBS and UOB.
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Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1,128 billion in assets and 68,849 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. In Asia Pacific, Deutsche Bank has over 45 offices in 17 financial markets with approximately 11,000 staff.http://www.db.com/