Apr 24, 2013
Hong Kong/ Ho Chi Minh City, Aprl 23rd 2013 - Deutsche Bank AG, Ho Chi Minh City Branch today announced that it has been awarded a Merit of Excellence for its cooperation and collaboration with Vietnam's State Securities Commission in advancing professional works in 2012.
Deutsche Bank’s Global Transaction Banking division is committed to its market advocacy work throughout the Asia Pacific region. The Bank was awarded this Merit by Vietnam’s State Securities Commission for its contributions towards the establishment of accounting guidelines for the country’s open-ended funds as well as its proactive participation in the development of new products for the local fund management industry.
With a presence in Vietnam since 1992, Deutsche Bank has established itself as one of the leading international financial institutions in this market, servicing both local and global clients.
In commenting on this Merit, Tri Pham, Chief Country Officer − Vietnam, at Deutsche Bank said: “We are honoured to be recognised by Vietnam’s State Securities Commission and we are pleased to be able to contribute to the development of the local fund management industry.”
Mrugank Paranjape, Regional Head of Trust & Securities Services and Cash Management for Financial Institutions, Global Transaction Banking at Deutsche Bank added: “This Merit further demonstrates our strong commitment to the Vietnamese market and to the ASEAN region.
Sharing our insights and expertise with local market participants and regulators throughout the region is at the core of our value proposition, as we believe that our clients can also benefit from it.” Deutsche Bank was Top Rated in Emerging Markets globally in Global Custodian magazine’s Agent Banks in Emerging Markets Survey 2012.
Part of its Global Transaction Banking division, the Bank’s Direct Securities Services business has approximately EUR 1.5 trillion assets under custody globally and an operational presence in 33 global markets, 14 of which are Asian countries.
Re-disseminated by The Asian Banker