Ex MD’s of Citibank, Deutsche Bank join KGISL. Until arrangements for the seven-year Deutsche veteran's move to Germany are finalized, Nolting will stand in for him in Europe. 3. STACS, in collaboration with Deutsche Bank Securities Services, was awarded the Proof-of-Concept (“POC”) grant on 29 October 2020, which provides funding support for experimentation, development and dissemination of nascent innovative technologies in the financial services sector. In Singapore, where it had 1,921 full-time staff, the bank posted a … Deutsche Bank may drop EY as its auditor after the Wirecard scandal left the Big Four firm under investigation and battling to restore its reputation. There is one new case of locally-transmitted infection in the community, while the remaining nine are imported. DEUTSCHE Bank's new Asia chief executive officer will be based in Singapore, picking the city-state over Hong Kong at a volatile time for the Chinese territory. This follows a large-scale rise in Asian trading activities. KG Information Systems Private Limited (KGiSL), a global IT Products, Solutions, and Services provider, had announced the appointment of three top former banking executives. Read more at The Business Times. Fax: +65 6225 9442. more contacts. Deutsche Bank today announced that it will establish an electronic foreign exchange (e-FX) hub in Singapore by developing an FX trading and pricing engine onshore, in conjunction with the Monetary Authority of Singapore. SINGAPORE — The Ministry of Health (MOH) confirmed 10 new COVID-19 cases in Singapore on Friday (12 March), taking the country's total case count to 60,080. 4. More about our company. For its excellence in serving such clients, Deutsche Bank Singapore has been recognised through various awards over previous years. KG Information Systems Private Limited (KGiSL), a global IT Products, Solutions, and Services provider, had announced the appointment of three top former banking executives. Deutsche Bank is also boosting its algorithm-based capacity for onshore yuan trading in China, said Lynne, who moved to Singapore with Deutsche Bank in 1998. The foreign exchange market, also known as the over-the-counter market, is a worldwide decentralized or over-the-counter market for currency trading. Company profile page for Deutsche Bank AG/Singapore including stock price, company news, press releases, executives, board members, and contact information Deutsche Bank and Singapore fintech STACS complete ‘bond in a box’ poc for DLT for digital assets and sustainability-linked bonds On May 25, 2021 By Mark Ko In Fintech , Media Release , Tech News Tel: +65 6423 8001. The banking giant is considering letting staff work from home between one to three days a week, according to a new report from Bloomberg. German banking major Deutsche Bank has launched its Asia Pacific innovation lab in Singapore. Deutsche … Deutsche Bank is strengthening its operations in the Asia Pacific region with two senior hires in its Singapore office, as the Frankfurt-headquartered institution vows to take its trade finance offerings “to the next level”. Chintan Shah has been appointed head of cash management and will continue to be based in Deutsche’s Singapore office. Deutsche Bank is hiring in Singapore following its decision last month to launch a centre of excellence (COE) in Singapore for environmental, social and corporate governance (ESG). Waltz shows where applications reside, what they do and how they are connected. In Singapore, an employee not directly affected by the cuts told the Financial Times: “The mood is always depressed in Deutsche. The German bank says the centre will work across all business divisions, focusing on execution of ESG transactions, new product development, and advisory services, including sharing of global best practices with Asian regulators and regional bodies. Deutsche Bank Singapore has 4,931 competitors including JPMorgan Chase (United States (USA)), Wells Fargo (United States (USA)) and HSBC (United Kingdom (UK)). The operations of major international banks including Deutsche Bank in Singapore were linked to the money laundering scandal involving the now … Besides Singapore, the bank has … June 11, 2020 - Deutsche Bank today announced that it will establish an electronic foreign exchange (e-FX) hub in Singapore by developing an FX trading and pricing engine onshore, in conjunction with the Monetary Authority of Singapore.. Deutsche Bank ranked number 2 for FX globally in 2019, according to Euromoney. He works as an IT engineer at Deutsche Bank but has been working from home since his arrival here, said the MOH. Deutsche Bank routinely splits its executive teams in the region between the financial hubs, with Steinmueller’s co-CEO predecessors based in Singapore … Deutsche Bank AG. Deutsche Bank sets up ESG centre of excellence in Singapore, Banking News & Top Stories anirudhjadhav May 20, 2021 SINGAPORE (THE BUSINESS TIMES) – Deutsche Bank has established a centre for environmental, social and governance (ESG) issues in Singapore, focusing on innovating at the nexus of ESG and fintech to develop new products addressing gaps in the ESG market. Deutsche Bank's tumbling stock, a string of scandals and a global drive to cut costs have dented employee morale, current and former bankers in Asia said. Deutsche Bank raising amount paid to junior bankers - source. COIMBATORE. Kin-Mun Kwong, head of wealth management for Southeast Asia at Deutsche Bank, talks about the opportunity the bank sees in Singapore amid a massive restructuring. Deutsche Bank is hiring in Singapore following its decision last month to launch a centre of excellence (COE) in Singapore for environmental, social and corporate governance (ESG). Deutsche Bank's dramatic overhaul, centred on a wholesale withdrawal from the business of trading equities, is a bold move that has been long awaited, says the Financial Times' Patrick Jenkins. Deutsche Bank, in collaboration with the Monetary Authority of Singapore (MAS), will launch an e-FX trading hub and develop an onshore forex trading and pricing engine in Singapore.. 12 June, 2020 | AtoZ Markets – Germany Largest Bank, Deutsche Bank is reportedly launching electronic forex (e-FX) pricing and trading engine hub in Singapore. Deutsche Bank is setting up an environmental, social and governance (ESG) centre of excellence in Singapore. Singapore 048583. There is a growing demand for forex trading … Deutsche Bank today announced that it will establish an electronic foreign exchange (e-FX) hub in Singapore by developing an FX trading and pricing engine onshore, in conjunction with the Monetary Authority of Singapore. Deutsche Bank Aktiengesellschaft (Deutsche Bank or the Company) has agreed to pay more than $130 million to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) and a separate investigation into a commodities fraud scheme. The Glassdoor data indicates that Singapore is no exception. . July 22, 2021. afternoon Coimbatore. In Singapore, Deutsche Bank is constructing a global EM FX trading engine. Deutsche Bank is making some 18,000 job cuts globally this year, but there are still small pockets of hiring at the firm in Singapore. As we’ve been reporting in recent weeks, these include credit trading, transaction banking, asset management, technology, private banking, risk, and onboarding. Deutsche Bank Asia Pacific CEO Alexander von zur Muehlen added: “Establishing the ESG Centre of Excellence in Singapore provides a strategic and operational platform for Deutsche Bank to become the premier client-focused ESG bank in Asia Pacific. Deutsche Bank ranked number 2 for FX globally in 2019, according to Euromoney[1]. Exchange Traded Funds in Singapore. Deutsche Bank Securities Services and Hashstacs Pte Ltd (STACS) will collaborate to jointly explore a proof-of-concept (POC) related to the technological and practical feasibility of digital assets. Deutsche is actively trying to cut back on real estate costs, the report says. Deutsche Bank has become the latest major investment bank to plan the launch of a foreign exchange pricing and trading platform in Singapore in collaboration with the market’s regulator, The TRADE understands. Deutsche Bank is setting up an ESG Centre of Excellence (COE) in Singapore, which will focus on execution of ESG transactions, new product development, and advisory services, including sharing of global best practices with Asian regulators and regional bodies such as ASEAN and APEC. July 22, 2021. REUTERS/Ralph Orlowski/File Photo 26 Mar 2021 … The moves come as Deutsche and Commerzbank discuss a potential merger at the German government's urging. The German bank is exiting its equities sales and trading operations globally. Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) today announced the establishment of an ESG Centre of Excellence (COE) in Singapore. Fax: +65 6225 4911. Deutsche Bank to Pilot Digital Assets Proof-of-Concept With STACS. ... Yahoo News Singapore. Deutsche Bank sets up Singapore engine amid trading boom in Asia April 20, 2021 —by PureContent 0 Comments German financial services company, Deutsche Bank, has decided to move its worldwide FX pricing engine designed for breakthrough markets, from London to Singapore. Deutsche had some 4,700 staff in Sydney, Tokyo, Hong Kong and Singapore, fact sheets on its website showed. Deutsche Bank’s Corporate Bank has provided a US$25m sustainability-linked loan facility with a three-year tenor, and an accordion feature to upsize the facility to US$75m, to Corrie MacColl, a subsidiary of Singapore-based Halcyon Agri Corporation (Halcyon). Deutsche Bank started operating in the city-state, home to 183,737 millionaires, in the early 1970s. THE BUSINESS TIMES Deutsche Bank - Find Deutsche Bank News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. Deutsche Bank ranked number 2 … According to the latest report published by Bloomberg, the bank has selected Singapore to improve its order execution. Deutsche said its plan to offload most of the assets within the bad bank by 2022 was on track. Deutsche Bank’s Singapore office has carried out public capital market transactions on behalf of entities such as Temasek, DBS Bank, Keppel Land and Suntec Reit to name a few. The German bank will build a “sizable team in the double digits”, according to Kamran Khan, Deutsche’s APAC head of ESG and its head of the Singapore COE. FRANKFURT (Reuters) -Deutsche Bank has tapped software firm Oracle to simplify its information technology systems, enabling Germany's top lender to cut costs, a Deutsche Bank board member said on Thursday. 18,000 jobs in Deutsche Bank are set to be cut as the German national lender embarks on mass retrenchment exercise. We would like to show you a description here but the site won’t allow us. The German-headquartered group has opted to combine its German private banking CIO capabilities with that of the international private bank. Deutsche Bank posted 100 million-euro loss ($87.6 million) in Hong Kong last year, where it had 1,035 employees. [HONG KONG] Deutsche Bank new Asia chief executive officer (CEO) will be based in Singapore, picking the city over Hong Kong at a volatile time for the Chinese territory. DEUTSCHE Bank - even while undertaking what is likely the biggest overhaul in the investment banking industry in years - has identified the Asia-Pacific as a clear growth region, allocating to it a lion's share of the 13 billion euros (S$19.8 billion) that the group expects to spend on technology by 2022, its top executives told The Business Times. Singapore to Frankfurt. Deutsche Bank, Europe’s second-largest bank, the biggest bank in Germany, one of the world’s ten largest banks by assets, and of course the bank for derivatives trading, is in huge trouble. She also worked at various other private banks and asset managers, including HSBC Private Bank and Deutsche Bank. Deutsche Bank ranked number 2 … Singapore has been Deutsche Bank’s Asia-Pacific head office since 1988, after the lender first established a presence in the city-state in 1971, its corporate website showed. It has a wholesale banking licence here and its business lines including corporate & investment banking, global markets, asset management, and wealth management. Deutsche Bank is strengthening its operations in the Asia Pacific region with two senior hires in its Singapore office, as the Frankfurt-headquartered institution vows to take its trade finance offerings “to the next level”. Based on the evidence presented at trial, Chanu, who was employed as a precious metals trader at Deutsche Bank in Singapore and, later in London, engaged in a scheme to defraud other traders on the Commodity Exchange Inc., which was a public exchange. July 22, 2021. Any currency’s foreign exchange rate is determined by this market. "The goal is to run the bank with around one third of the applications we have today," he told Reuters. Primarily developed by Deutsche Bank and Khartec Ltd, Waltz helps large financial institutions understand their technology architecture in a consistent, well-documented and easily digestible format. South Tower Level 17. Deutsche Bank recently contributed the project to FINOS. Following the ongoing fusion of the back offices to the Global Banking and Commercial Banking businesses at HSBC and the 'simplification of the corporate structure' at Nomura, Deutsche Bank said yesterday that there is more juice to squeeze and the juice will come from, "interlocking more closely the back office of the corporate bank and the investment bank.” The German bank says the … Business Christian Sewing, chief executive officer of Deutsche Bank, is willing to give up his role overseeing the investment bank in the foreseeable future, a person with knowledge of the matter said on Friday. The German bank will build a “sizable team in the double digits”, according to Kamran Khan, Deutsche’s APAC head of ESG and its head of the Singapore COE. As we’ve reported previously, the German firm has a global reputation for paying large salaries, even by investment banking standards. 5 Signs Of Deutsche Bank Collapse. (Bloomberg) -- Deutsche Bank AG new Asia chief executive officer will be based in Singapore, picking the city over Hong Kong at a volatile time for … Deutsche Bank is opening a vault in Singapore that can hold $9 billion of gold, as it hopes to tap rising demand for the precious metal in Asia. Deutsche Bank declined to comment on its Singapore pay. Deutsche Bank has spent years modernising its computer systems that have repeatedly caused headaches and which former Chief Executive John Cryan had publicly called "lousy". South Tower Level 17. Deutsche had scaled down its equities business globally in 2019, but had kept a small equities capital market (ECM) presence in Asia, mainly in Singapore. (Bloomberg) — Deutsche Bank AG is replacing its global pricing engine for emerging-market currencies in London with one in Singapore, drawn by surging trading in … Apr 19, 2021, 9:52 am SINGAPORE (BLOOMBERG) - Deutsche Bank is replacing its global pricing engine for emerging-market currencies in London … The operations of major international banks including Deutsche Bank in Singapore were linked to … SINGAPORE (May 20): Deutsche Bank established an environmental, social and governance (ESG) centre of excellence (COE) in Singapore today.The ESG COE will work across the bank’s divisions, focusing on the execution of ESG transactions, new product development and advisory services.The centre will develop new products addressing gaps in the ESG market, such as impact … According to a press release published by the US Department of Justice (DoJ), Cedric Chanu, 42, … PDF Deutsche Bank Asia Pacific Z-Card. Deutsche Bank axes 18,000 staff around the world, including Sydney, New York and London offices. 0. 21 May 2021. Deutsche Bank’s incoming Asia-Pacific chief executive Alexander von zur Muehlen is relocating to Singapore in keeping with the lender’s “dual hub” structure for region. Views: 53. The German-headquartered group has opted to combine its German private banking CIO capabilities with that of the international private bank. She then worked at JP Morgan Private Bank where she focused on private markets from 2018 to 2020. Asia Pacific Head Office. With the move, Deutsche Bank joins rivals UBS and Credit Suisse in having their Asia chief executives based in the city-state. Deutsche Bank Aktiengesellschaft (Deutsche Bank or the Company) has agreed to pay more than $130 million to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) and a separate investigation into a commodities fraud scheme. Deutsche Bank is setting up an environmental, social and governance (ESG) centre of excellence in Singapore. One Raffles Quay. The German banking … Alexander von zur Muehlen, the new CEO for Asia-Pacific, is relocating from Frankfurt when he takes over the job at the start of next month, according to a bank spokesperson. Deutsche Bank AG. LONDON: Deutsche Bank has merged its chief investment office teams into a single unit, overseen by Top 30 Super Allocator and former Citywire Selector cover star Christian Nolting (pictured).. Deutsche said it will move Huynh from Singapore to Frankfurt. Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) today announced the establishment of an ESG Centre of Excellence (COE) in Singapore. Deutsche’s overhaul involves cutting 18,000 jobs. A Deutsche Bank vice president is suing her employer for gender discrimination and retaliation related to her pregnancy, saying she was "mommy-tracked" for taking maternity leave. The ESG COE will work across all the business divisions of Deutsche Bank, focusing on execution of ESG transactions, new product development, and advisory services, including sharing of global best practices with Asian regulators and regional bodies such as … July 22, 2021. afternoon Coimbatore. In 2014, 1MDB obtained two loans totalling US$1.225 billion from a syndicate of banks led by Deutsche Bank in Singapore, of which over US$850 … Among those Deutsche Bank … Whole teams at the bank's Asia-Pacific offic Latest Singapore News … Deutsche Bank has introduced a modern payment system for its Thailand customers to support local collections via 2C2P, a payments platform provider in … The bank … Ex MD’s of Citibank, Deutsche Bank join KGISL. A JP Morgan Private Bank spokeswoman declined to comment on Chan’s departure and replacement. Ever-Gotesco’s Jose Go gets up to 133 years in prison for pocketing P159M Orient Bank loans Good jab! Deutsche Bank sets up Singapore ‘Centre of Excellence’ May 25, 2021 By Nik Pratt Deutsche Bank has announced the establishment of a “Centre of Excellence” (COE) in Singapore. Netizens rave about Razon’s drive-thru vaccination at Solaire Asia Pacific Head Office. FILE PHOTO: Christian Sewing, CEO of Deutsche Bank AG in Frankfurt, Germany January 30, 2020. Tel: +65 6423 8001. Deutsche Bank's investment banking arm lost market share across an array of key services in the second quarter, data from Dealogic shows, demonstrating the fragility of the recovery at Germany's biggest lender. SINGAPORE: As Deutsche Bank starts making the first of its 18,000 job cuts announced on Sunday (Jul 7), employees are bracing themselves for more uncertainties ahead. Deutsche Bank’s drastic retrenchment marks the latest chapter in a dramatic fall from grace for a bank that was riding high until the banking crisis struck in 2008. Chintan Shah has been appointed head of cash management and will continue to be based in Deutsche’s Singapore office. COIMBATORE. Its investment bank, the group's biggest revenue generator, drove the institution to its strongest quarter in seven years at the start of 2021. Deutsche Bank AG is replacing its global pricing engine for emerging-market currencies in London with one in Singapore, drawn by surging trading in Asia and the increasing importance of the Chinese yuan. Its investment bank, the group's biggest revenue generator, drove the institution to its strongest quarter in seven years at the start of 2021. . People know the bank is not doing well . The Ministry of Health confirmed 10 new COVID-19 cases in Singapore on Friday (12 March), taking the country's total case count to 60,080. Deutsche Bank's investment banking arm lost market share across an array of key services in the second quarter, data from Dealogic shows, demonstrating the fragility of the recovery at Germany's biggest lender. Singapore IMPACT at Deutsche Bank's Singapore operations will be more muted compared to other regional hubs such as Hong Kong, although the German lender declined to elaborate on the number of employees who will be affected here. A second former Deutsche Bank commodities trader was sentenced by a US federal jury to 12 months and a day in prison for a scheme to commit wire fraud affecting a financial institution. (Kitco News) - The world of precious metals trading continues to get murkier as one former Deutsche Bank AG analyst told a Chicago jury earlier this week that he was taught how to manipulate gold and silver prices by the two successful senior … by Fintechnews Singapore January 8, 2021. One Raffles Quay. Deutsche Bank Singapore is owned by Deutsche Bank APAC. Views: 53. Deutsche Bank, a leading German financial services provider, is replacing its London-based global FX pricing engine for emerging markets with the one in Singapore amid a surge in trading activities across the Asian region. Alexander von zur Muehlen, the new CEO for Asia-Pacific, is relocating from Frankfurt when he takes over the job at the start of next month, according to a bank spokeswoman. LONDON: Deutsche Bank has merged its chief investment office teams into a single unit, overseen by Top 30 Super Allocator and former Citywire Selector cover star Christian Nolting (pictured).. The launch of the new lab is part of the German bank’s strategy to digitalise services and adopt new technologies. The bank had about 2,000 employees in Singapore as of January last year. Deutsche Bank, Singapore in spotlight over 1MDB. 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