GC understands Deutsche Bank has devoted a significant amount of investment to build up its local fund custody platform in China.
Deutsche Bank has appointed a new head of domestic securities services sales and CEO of its trustee business in Malaysia.
The new service is powered by Elastic, where the bank will use its machine learning and anomaly detection features.
Previous investors JP Morgan, Citi and Goldman Sachs also contributed to the round, taking the total raised by AccessFintech to $37 million since 2018.
Primary investors Citi, Deutsche Bank, and Deutsche Börse raised $15 million for CloudMargin in its largest funding round to date.
Deutsche Bank will support the broking firm’s institutional clients with custody and settlement services for its Turkish fixed income securities.
DZ Privatbank consolidated its fixed income and equity assets in Luxembourg and migrated them to Deutsche Bank’s platform in Spain.
Cowen recruits Deutsche Bank's former head of prime brokerage Americas sales to bolster global securities finance division.
Christian Sewing, CEO of Deutsche Bank, echoed comments he made at the institution’s AGM on consolidation for banks in Europe in the medium-term.