Deutsche Bank creates new securities unit 02 July 2014London Reporter: Tammy Facey
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Deutsche Bank has aligned its trust and securities and cash management and securities sales into a single unit.
The new organisation is within the bank’s global transaction (GTB) division, under the new title of institutional cash and securities services (ICSS), and will be led by Satvinder Singh head of ICSS.
Werner Steinmueller, head of global transaction banking at Deutsche Bank said: “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.”
The unit will facilitate greater connectivity with key coverage partners within Deutsche Bank, to allowing ICSS effectively leverage bank-wide client relationships, according to reports.
“This allows us to invest in our core competencies and become more client-centric. The alignment of product and sales enables us to intensify the delivery of our client-focused solutions,” added Singh.
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