Deutsche Bank adds Portugal to custody network
Deutsche Bank today announced the addition of Portugal to the expanding network of markets in which it provides securities custody, clearing and related services to institutional investors.
As a result of this latest development, Domestic Custody Services at Deutsche Bank, part of the Global Transaction Banking division, now provides custody services in 29 markets in Europe, Asia, the Middle East and the Americas.
The addition of Portugal completes Deutsche Bank’s custody offering in Euronext markets; it already offers custody in Belgium, France and the Netherlands. To facilitate timely service, the bank has established a direct link between its Euronext platform and the Portuguese Central Depository, Interbolsa, and the Central Bank, Banco de Portugal.
Commenting on the move, Werner Steinmueller, Head of Global Transaction Banking, said, “This latest enhancement of our regional service offering reinforces Deutsche Bank’s commitment to the custody business and demonstrates that we continue to extend our products and services to markets where there is client demand. Clients in Portugal can now benefit from our full range of transaction banking services covering cash management, trade finance services and now also securities custody.”
For further information, please call:
Dr. Ronald Weichert +49 69 910 38664
Nicole Stumpf +49 69 910 62459
Domestic Custody Services
About Deutsche Bank
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 78,275 employees in 76 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.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our trading revenues, potential defaults of borrowers or trading counterparties, the implementation of our management agenda, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 26 March 2008 under the heading "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.