Deutsche Bank today announced it has concluded the transaction to acquire the remaining 60% of United Financial Group (UFG). This transaction strengthens Deutsche Bank’s position as one of the leading investment banks in Russia.
As a result, the bank has a first-class platform in both M&A advisory services and the equity, bond and derivatives markets. Legally binding contracts for the purchase of the remaining 60% of UFG were signed on 5 December, 2005.
Charles Ryan, formerly Chairman and CEO of UFG, is Chief Country Officer and CEO of Deutsche Bank in Russia with immediate effect. Alexis Rodzianko, who previously held this position, will remain with Deutsche Bank until the middle of 2006 to ensure a successful transition.
For further information, please contact:
Press and Media Relations
Elaine Bartleet Tel: +44 7207 545 4907 (London)
Armin Niedermeier Tel: +49 69 910 33402 (Frankfurt)
Olga Podoinitsyna Tel: (+7 495) 797 5303 (Moscow)
Tel: +49 69 910 35395 (Frankfurt)
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