Copying and distributing are prohibited without permission of the publisher
Deutsche Bank creates new unit in restructure
02 July 2014
Brings institutional cash, investor services and issuer services under one roof in Global Transaction Banking in ‘unique’ move
Deutsche Bank has combined its institutional cash, investor
services and issuer services businesses into one unit within
its Global Transaction Banking (GTB) division.
The bank expects the move will give its clients such as
financial institutions, investors and issuers easier access to
its transaction banking services through closer collaboration
between Deutsche's various busineses.
The restructure will involve bringing Trust & Securities
Services and Cash Management for Financial Institutions and
Financial Institutions & Securities Sales under one roof.
The new unit, which will be led by Satvinder Singh, will be
called Institutional Cash & Securities Services.
Deutsche believes this reorganisation is "unique" among global
"Our aim is simple yet ambitious: to put clients at the heart
of GTB by creating an organisation that meets their specific
needs from end-to-end," said Werner Steinmueller, head of GTB
and a member of Deutsche Bank's Group Executive
Satvinder Singh, head of the new unit, and a member of the
Executive Committee of Deutsche Bank's GTB, said: "This is an
exciting opportunity as it allows us to further invest in our
core competencies and become even more client-centric. Most
importantly, the alignment of product and sales enables us to
intensify the delivery of our client-focused solutions."
It is understood that there will be no other changes to
personnel for the time being.
Deutsche said the restructure would provide clients with more
integrated end-to-end solutions through enhanced delivery
capabilities and closer collaboration with the rest of the
bank. It also said that through greater connectivity with key
coverage partners within Deutsche, the new unit would be able
to more effectively leverage client relationships across the