Deutsche Bank and Czarnikow forge Trading Alliance in sugar and ethanol
Deutsche Bank, a leading global investment bank, and Czarnikow Group, the world’s leading independent sugar market services company, today announced a strategic alliance to offer financial and physical sugar and sugar based ethanol products and services to their combined client base.
The alliance will create the world’s strongest combined physical and financial product offering for sugar and sugar based ethanol, combining Deutsche Bank’s capital base and acknowledged expertise in commodity market making, with Czarnikow’s global physical capability and risk management expertise within the world’s sugar industries.
The objective of the alliance, which will be managed by John Redpath, Managing Director and Global Head of Oil and Agricultural Trading at Deutsche Bank, and Peter Thompson, a Director of Czarnikow Group, is to blend financial and intellectual capital and use the skills of both parties to offer clients a structured approach to price risk management and the funding needs of their business.
“This agreement builds on our growing agricultural platform and gives the bank physical capability across the sugar and ethanol markets of the world,” said Redpath. “Clients will benefit from the Bank’s financial expertise and Czarnikow’s deep involvement in the physical sugar business, and their worldwide network of producers, refiners and industrial consumers.”
Peter Thompson added “At a time of record sugar prices and extreme volatility, this alliance brings the financial capacity to best help clients manage risk and extract the opportunity that the market creates.”
For further information please call:
+44 (207) 545 8226
+1 (212) 250-5525
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 78,896 employees in 72 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.
Czarnikow is one of the most respected names in agricultural commodity markets and has been providing high quality market services to participants in the world’s sugar markets since 1861. Czarnikow operates in three core areas: Sugar, Biofuels and Corporate Services and plays a pivotal role throughout the supply chain of farming, milling, shipping, refining and final distribution.