Deutsche Bank AG Tokyo Branch becomes the first Continental European Bank to join The Zengin System
Deutsche Bank applied to join the Zengin System in order to commence domestic exchange and settlement operations. With the approval of its application by the Tokyo Bankers Association, which operates the Zengin System, Deutsche Bank will finalize the establishment of its settlement system and operational procedures for a planned launch of its domestic exchange operations through the Zengin System sometime in the first half of 2006.
Yasukazu Aiuchi, Deutsche Bank AG Tokyo Branch Manager, said, "We are very pleased to be granted membership of the Zengin System as its first Continental European Bank participant." He added, "Demands from both local and global clients for domestic settlements services have grown in recent years and, by now being able to utilize the Zengin System, we will soon be ready to deliver a wide range of services to meet the broad needs of our clients."
For further information, please call:
Deutsche Bank AG, Tokyo Branch
(81 3) 5156 4000
About Deutsche Bank Group
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.
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.
In Japan, Deutsche Bank Group is engaged primarily in investment banking for corporate and institutional clients, corporate banking and asset management. The Group employs about 1,058 people.