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November 3, 2010

Colin Grassie, CEO, Deutsche Bank UK, talks charity with the Financial Times

Colin Grassie, CEO for Deutsche Bank in the UK, highlighted the Bank’s strong commitment to Corporate Citizenship in an interview with the Financial Times.

In the interview, which appeared in the Financial Times’s ‘How to give it’ slot on 30 October, Grassie discussed Deutsche’s sponsorship of Afrikids and how philanthropy and capitalism are intertwined.

Talking about his recent trip to Ghana with Afrikids, one of the Bank’s Charities of the Year, Grassie said: "Until my teenage years I lived in Ghana, in the true jungle about 120 miles from Kumasi. From an early age I was exposed to people who lived in very different circumstances, so the concept of people who need help was a concrete theme.

"I was reminded what a positive country Ghana is and how its people are so friendly and genuine." he added.

In the article Grassie also emphasised the importance of corporations giving their staff time to volunteer, and underscored Deutsche Bank’s Corporate Citizenship initiatives. Deutsche Bank in the UK matches donations by staff to charities as well as giving them two days' volunteer leave each year.

When asked about the relationship between charity and capitalism, Grassie told the FT that "True sustainability has profit at its roots. As we observe the developing social finance marketplace we see evidence that philanthropy has a critical role, but the ultimate impact will come when we can mobilise funds to seek returns that are socially acceptable and benefit society."

To learn more about Deutsche Bank’s Corporate Citizenship initiatives click here



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