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Tag: deutche bank

  • Bitpanda Enters Into Partnership With Deutsche Bank

    Bitpanda Enters Into Partnership With Deutsche Bank

    Deutsche Bank will provide Bitpanda customers with real-time payment solutions for incoming and outgoing transactions. This partnership between a Tier 1 bank and an emerging crypto company marks a significant step for the entire digital asset industry.

    As part of the collaboration, Deutsche Bank will provide Bitpanda with access to local IBANs in Germany. Customers will therefore be able to deposit or withdraw fiat currencies at Bitpanda, with transactions being processed via Deutsche Bank.

    According to a press release on Tuesday, this API-based account solution is expected to streamline and enhance the experience for users and ensure confidence, speed, and efficiency.

    Bitpanda is a regulated multi-asset broker platform offering more than 2,800 selected virtual assets and indices as well as stocks, ETFs and commodities to retail investors.

    With over 4 million users and counting, the Austrian-fintech envisions the further cooperation with traditional financial service providers as a strategic and pivotal goal to «shape the future of the financial service industry.»

    Meanwhile, Deutsche Bank can thereby venture into entirely new business areas.

    Bringing the best parts of the industry together is where we can create real value for people, says the deputy Bitpanda CEO, Lukas Enzersdorfer-Konrad. «Deutsche Bank’s commitment to working with new and innovative players in the financial industry continues to make our partnership possible.

    With Bitpanda, a recognised and regulated fintech provider, we are confident to help build a secure and trusted environment for users in this innovative field of virtual asset investing, added Kilian Thalhammer, Global Head of Merchant Solutions, Deutsche Bank.

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  • UBS Nabs Deutsche Bank Wealth Manager

    UBS Nabs Deutsche Bank Wealth Manager

    UBS Europe is adding a senior client advisor from Deutsche Bank to its wealth management team in Hamburg, catering to its growing client base there.

    Switzerland’s biggest bank is hiring Joerg Wilke as a senior client advisor for the rich and super-rich based in Hamburg, effective immediately, according to an article in Private Banking Magazin.

    Wilke, who advised high-net-worth individuals at Deutsche Bank for more than twenty years, joins the Hamburg branch of UBS Europe.

  • Deutsche Bank Hires Ex-Pictet Singapore Chief

    Deutsche Bank Hires Ex-Pictet Singapore Chief

    Deutsche Bank continues to expand in Asia with the latest addition of the former Singapore chief executive from Pictet.

    Deutsche Bank names Dominique Jooris as Asia Pacific head of wealth solutions, according to a statement,

    Jooris was most recently CEO of Bank Pictet in Singapore before he was succeeded in January this year by Sharon Chou. Previously, Jooris held various senior dept capital management roles including 11 years at Goldman Sachs.

    According to the statement, Jooris will be focused on driving coverage of the family office segment in the region.

    Asia Pacific continues to be the fastest-growing region in the world for wealth accumulation and has been for the last 20 years. Asia Pacific is already home to more billionaires than any other region, the bank added.

    Given this dramatic wealth accumulation, many Asian families are institutionalizing their wealth management through more efficient structures and vehicles, primarily via family offices.

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  • Deutsche Bank Stalwart Decamps for State Street

    Deutsche Bank Stalwart Decamps for State Street

    State Street hires a Deutsche Bank executive as head of product management in the Asia Pacific region, according to a statement.

    Jeslyn Tan joins the firm after 22 years at Deutsche Bank. She will be responsible for developing and driving an end-to-end product strategy for the Asia Pacific region.

    Based in Singapore, Tan reports globally to Brenda Lyons, global head of asset servicing product, and regionally to Mostapha Tahiri, chief executive officer for Asia Pacific.

    Tan brings 26 years of deep experience in product management in Asia Pacific, and was most recently Deutsche Bank’s global head of product management, and has held numerous senior roles at the German lender during her tenure.

    We are well-positioned to better serve our clients by responding accurately and offering the right products and services to clients in the rapidly changing environment in the region, Tahiri said in the statement.

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  • Deutsche Bank Hit by Expired Hong Kong IPO License

    Deutsche Bank Hit by Expired Hong Kong IPO License

    A staffing error reportedly bypassed internal controls at Deutsche Bank which led to the expiration of its Hong Kong license to sponsor initial public offerings, marking a setback to the relaunch of its Asia equities business.

    Deutsche Bank failed to replace to regulated staff on time which will cause its IPO sponsor license to lapse from next month, citing unnamed sources.

    Deutsche’s IPO principals until June were investment bankers Poon Tsz Yuen and Rowena Wang, as per the Securities and Futures Commission’s (SFC) register. According to the report, Poon left the bank on June 16 and Wang is set to be removed from the register of authorized principals in early July.

    A spokesperson for the bank confirmed the license expiration and staff departures.

    The license expiration marks a setback to the relaunch of Deutsche Bank’s Asia equity capital markets (ECM) business after a restructuring in 2019 that saw Hong Kong shed alms all its ECM teams.

    According to another unnamed source close to the SFC, the issue suggests that there were «poor internal controls» at the bank and that process hereafter is expected to be slow.

    Separately, the SFC fined Deutsche Securities Asia last week for issuing incorrect statements to its prime brokerage clients and delaying the reporting of the failures to the regulator. And earlier today, the German lender’s Greater China investment banking vice-chair Rowena Chu reportedly retired.

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