Interdealer broker picks Deutsche Bank as SA 29 November 2011Frankfurt Reporter: Anna Reitman
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Deutsche Bank has announced its appointment by Tradition London Clearing, the clearing arm of interdealer broker Compagnie Financiere Tradition, as settlement agent for Euronext Markets.
Satvinder Singh, global head of Trust & Securities Services (TSS), Deutsche Bank said, “I am very pleased about this new mandate as it brings us additional market share and visibility in the eurozone and strongly underlines our ability to cater for the demanding needs of a big broker-dealer client. I believe that this cooperation will further strengthen our partnership with Tradition.”
The mandate increases Deutsche Bank's presence in Western Europe for Direct Securities Services, part of TSS which provides trustee, agent, depositary and other related services as well as fund and hedge fund administration.
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