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History of Deutsche Bank in Singapore

1870


Deutsche Bank was founded in Berlin to promote and facilitate trade relations between Germany and international markets.

1889


Foundation of Deutsch-Asiatische Bank in Berlin – as a special institution for the East Asian market – by a German bank syndicate led by Disconto-Gesellschaft and Deutsche Bank.

1906


Deutsch-Asiatische Bank opened its branch in Singapore.

1971


Deutsch-Asiatische Bank reopened its Singapore branch.

1972


In order to fully integrate Deutsch-Asiatische Bank into the newly founded European Asian Bank, Deutsche Bank relinquished the Singapore branch to one its co-shareholders. In the same year, European Asian Bank opened a new branch in Singapore.

1986


European Asian Bank became Deutsche Bank (Asia).

1988


Deutsche Bank (Asia) was merged into Deutsche Bank AG. The management of the Asia business was relocated from Hamburg to the regional head office in Singapore.

2007


Deutsche Bank in Singapore moved to its new landmark location at One Raffles Quay, which accommodates the largest trading floor of any foreign investment bank in the city state.


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Last Update: April 13, 2010
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