Deutsche Bank extends the reach of its treasury offering in Latin America
Cash Management Services Launched for Corporate Clients in Brazil
Deutsche Bank Global Transaction Banking today announced that it has enhanced its current treasury offering in Brazil to include corporate cash management services. These new capabilities will complement the Bank’s other transaction banking services, including domestic custody and trade finance.
As part of this augmentation, Brazilian corporates will be provided with real-time access to db-direct internet, Deutsche Bank’s electronic banking platform. This integrated solution will allow Brazilian corporates to have single access to all of their accounts in Brazil and worldwide. Additionally, clients can automate the processing of payments, saving them valuable time and reducing their costs.
Werner Steinmueller, Head of Global Transaction Banking, said, “As a leading player in cash management globally, Deutsche Bank processes payments worth more than $1,000 billion per day. The Bank is committed to expanding our transaction banking capabilities in Latin America and other growing markets worldwide. The Bank has made the necessary financial investment to provide Brazilian corporates with a cash management solution that accommodates their needs on a global basis. Our goal is to strengthen our existing ties with corporations in this important market.”
Rolf Wiegel, Head of Global Transaction Banking – Brazil, said, “Deutsche Bank’s expanded cash management offering in Brazil complements our existing treasury platform. This expanded offering will open new opportunities for Brazilian corporations.”
Last week, Deutsche Bank Global Transaction Banking also announced an addition to its Trust and Securities Services business in Brazil, with Karla Fernandez joining from Bank of New York to sell transaction administration and fiduciary services in support of the financing activities of Brazilian companies.
For further information, please contact:
John T. Gallagher
Press and Media Relations, Deutsche Bank
About Deutsche Bank
Deutsche Bank <NYSE: DB> 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 73,114 employees in 73 countries, 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 Securities Inc., member NYSE, NASD and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.
Global Transaction Banking - Cash Management is a recognized leader in cash management services and provides state-of-the-art solutions to diverse customer segments. Embedded into Deutsche Bank’s worldwide network, it has the geographic spread to support domestic, regional and global cash management programs, leveraging a complete product suite: Channel Management & Integration Services, Global Payments, Check Services, Liquidity Management, Information & Reporting Services as well as Financial Supply Chain Management/EIPP.