Deutsche Bank Wins Two Top Cash Management Awards from Euromoney – Best at Cash Management in Western Europe and Asia
Deutsche Bank announced today that it has been awarded Best in Cash Management – Western Europe and Best in Cash Management – Asia, as part of 31 awards won at the Euromoney 2007 Awards for Excellence.
Clive Horwood, Editor of Euromoney, said, “Deutsche Bank wins the fiercely contested awards for best cash management house in Western Europe and Asia. Its success with financial institutions, one of the most demanding client groups, and its ability to win local deals outside its home market have been key differentiators for the Western European market. In Asia, Deutsche has a strategy that plays to its particular strengths as a provider of highly customized solutions to financial institutions and large multi-national corporations. Given its close links to the bank’s strong sales and trading platforms, Deutsche is able to offer its clients sophisticated hedging and risk management solutions, including foreign exchange trading and derivatives, as well as the more standard securities settlement and clearing services.”
Werner Steinmueller, Deutsche Bank’s Head of Global Transaction Banking, said, “Winning Euromoney’s Best at Cash Management awards in both Asia and Western Europe supports the Bank’s strategy to build on our foothold in Europe to develop global solutions based on our worldwide delivery network. Our steady growth allows us to continue to make the necessary investments in our technology, processes and products so that we can sustain our leadership position within this highly competitive marketplace.”
Marilyn Spearing, Head of Trade Finance and Cash Management for Corporates, Global Transaction Banking, Deutsche Bank, said, “Very few banks can match Deutsche Bank’s scale, network reach and technological capabilities. Our being chosen as Best at Cash Management – Western Europe demonstrates the Bank’s undisputed success in this important market, particularly with multi-national corporations seeking maximum benefits from regional centralization of their cash management and payments functions. Additionally, this award supports the Bank’s strategic approach to combine its cash management and trade capabilities to offer integrated and efficient solutions for our clients worldwide.”
Dinkar Jetley, Head of Trust & Securities Services and Cash Management for Financial Institutions, Global Transaction Banking, Deutsche Bank, said, “Clients are facing a number of regulatory challenges and are relying on banks such as Deutsche Bank that are continuously upgrading their services and investing heavily in information technology. For example, we have been preparing for the changing regulatory landscape in Europe as a result of initiatives such as the Single Euro Payments Area. Our financial institutions clients are increasingly looking to us to play a leadership role in the worldwide payments processing and clearing marketplace and we are grateful for their trust and confidence in us.”
Thomas DuCharme, Regional Head of Global Transaction Banking, Asia Pacific, Deutsche Bank, said, “We are pleased to be chosen as Best at Cash Management – Asia as it recognizes our in-country expertise and ability to provide highly customized solutions to our clients across 16 markets within the region. The award also endorses our client-focused approach which has led us to win significant mandates on the regional and local level.”
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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 73,114 employees in 75 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.
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, Global Payments, Check Services, Liquidity Management, Information & Reporting Services as well as Financial Supply Chain Management.