Deutsche Bank today announced it has been selected to deliver custody and brokerage services for the newly formed Henkel Group Global Employee Share Purchase Plan.
The Henkel Group is offering its employees an opportunity to participate directly in the economic sucess of the company through the worldwide Empolyee Share Program (ESP).
Wolfgang Beynio, Vice President Corporate Finance, Henkel Group said, “Having been involved in the development of the Global Employee Share Programme right from the beginning, Deutsche Bank was the best fit for the custody and brokerage mandate.”
The Henkel Group, based in Duesseldorf, Germany, is a specialist in brands and technologies operating worldwide, with affiliates in over 75 countries. The company is marketleader in Adhesives and Surface Technologies. In Laundry & Home Care and in Cosmetics/Toiletries, Henkel holds a leading position in Europe.
Stefan Gmuer, Managing Director at Deutsche Bank’s Global Securities Services, said, “We are delighted to win this mandate, especially as it represents the first ever Global Employee Share Purchase Plan of its kind in Germany.