Deutsche Bank Group announces that all its Russian dealer, broker and securities management operations will now be conducted through a single legal entity, Deutsche Bank Ltd., which already holds all requisite licenses. Prior to that, those operations were conducted by ZAO Deutsche Securities, a member of Deutsche Bank Group in Russia. In connection with the foregoing, the license held by ZAO Deutsche Securities has been surrendered, the Deutsche Securities brand owned by Deutsche Bank AG will no longer be used in Russia, and all services listed above will be provided under the Deutsche Bank brand.
The simplification of the structure of organization will enable us to more efficiently use the opportunities opening up in the Russian securities market, and help us to further improve the quality of services offered to our clients.
Igor Lojevsky, Chief Executive Officer in Russia and CIS, said: “We keep developing and implementing solutions which boost the bank's business, whether they relate to our products, services or infrastructure. I am positive that the use of a single Deutsche Bank platform, and of its brand under which we are offering our equities related business, will promote the quality of our work and make it possible to fully meet the needs of our increasingly demanding clients.”
For further information, please call:
Deutsche Bank Russia
Telephone: +7 495 797 5026
Deutsche Bank is a leading global investment bank with a strong private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 74 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.
Deutsche Bank Ltd. (Deutsche Bank Russia), a wholly-owned subsidiary of Deutsche Bank AG, was established in April 1998. Deutsche Bank became one of Russia’s largest banks with foreign equity participation. Deutsche Bank Ltd. offers its corporate and retail clients, both domestically and internationally, a broad range of financial services, including corporate finance and advisory, trading, asset sales and transaction banking, commercial banking and private wealth management. The Bank’s clients include the leading Russian and international companies.