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Deutsche Bank will look to avoid U.S. charges of bribery and manipulation of precious metals markets by making a payment totaling nearly $125 million. Almost the entire payout relates to charges against the German lender over its dealings in Saudi Arabia, Abu…
The two sides will jointly explore a proof-of-concept (POC) using a grant under the Monetary Authority of Singapore’s Financial Sector Technology and Innovation (FSTI) scheme. Deutsche Bank Securities Services will work with Singapore-based blockchain…
Deutsche Bank is reportedly in advanced talks to sell its technology services unit to India’s Tata Consultancy Services. Tata Consultancy Services – Asia’s biggest software exporter and the tech subsidiary of Indian conglomerate Tata group – could take over…
He joins from Maritime Bank, a Vietnamese bank where he was CEO for four years before taking up its deputy chairman position earlier this year. Deutsche Bank has appointed seasoned banker Huynh Buu Quang to lead the bank’s expansion of its franchise in…
With the move, Deutsche Bank joins rivals UBS and Credit Suisse in having their Asia chief executives based in the city-state. Deutsche Bank’s incoming Asia chief executive officer, Alexander von zur Mühlen, will be relocating to Singapore for his new role –…
Deutsche Bank has split up sales and trading teams in Frankfurt after an employee tested positive for the coronavirus, following moves by other global banks which have separated their workforces into different teams. The lender intends to divide sales and…
She takes over from Tuan Huynh, who was appointed Deutsche Bank’s Chief Investment Officer, Europe, several months ago. The wealth management division of Deutsche Bank has appointed Siok Kuan Tham as head of Wealth Discretionary (WD) for Emerging Markets, it…
Deutsche Bank hires a duo in India focused on overseeing and enhancing the bank’s technology, data and innovation capabilities. Dilip Khandelwal joins as the bank’s managing director and head of technology centers. In his Pune-based role, he will oversee the…
Deutsche Bank’s recruitment drive for the private bank in Asia persists, this time with the hire of a new head of onshore wealth management in China. Jeffrey Yen Chieh Peng joins the bank as managing director and head of China onshore wealth management,…
The German lender’s latest recruit from J. Safra Sarasin is the latest in a series of hires as it looks to grow in the region. Deutsche Bank has hired Eric Leung to lead its Asia fixed income team in its Wealth Management division. The news was confirmed by a…
The German lender hires a new head from Siam Commercial Bank to fill the position left vacant since 2018. Deutsche Bank (DB) will get a new head for its Thailand operations in May, with the appointment of Pimolpa Suntichok as chief country officer and head of…
The problems at Germany’s largest lender, Deutsche Bank, which has seen its share price tumble to record lows on concerns of a looming US$14 billion (S$19 billion) fine by US authorities, could raise questions over the fate of some of its 2,100-strong…
Shakey’s Pizza Ventures (Spavi) aims to raise more than P5.5 billion (US$113 million) through an initial public offering (IPO) in the Philippine Stock Exchange this year. The restaurant chain has filed a prospectus with the Securities and Exchange Commission…
US apparel retailer Gap says it is weighing options for its international Banana Republic and Old Navy store networks. Gap CEO Art Peck says the company won’t reveal any other details at present, but expects to comment more when it reports its quarterly…
Deutsche Bank has agreed to sell its 20 percent stake in China’s Hua Xia Bank to insurer PICC Property and Casualty Co for up to 25.7 billion yuan ($4 billion) as it seeks to raise cash and reduce its balance sheet exposure. “As we execute on Deutsche Bank’s…
