Deutsche Bank joined the DIFX as a Member when the exchange opened in September 2005. It has listed nine equity-related index certificates on the exchange. As a sub-custodian, it will provide services including settlement, safekeeping and corporate actions.
Nasser Al Shaali, Chief Operations Officer of the DIFX, said: "Deutsche Bank was one of our first Member banks. Its continued support and its appointment as a sub-custodian will facilitate trading activity on the DIFX as we prepare for more Members and products to come on board in coming months."
Roger Harrold, Head of Domestic Custody Services at Deutsche Bank, commented: "This not only reinforces Deutsche Bank's commitment to the custody industry, but clearly shows that we are looking to extend our products and services to those markets where there is client demand."
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Deutsche Bank becomes a DIFX sub-custodian
- United Arab Emirates: Wednesday, March 08 - 2006 at 13:13
- PRESS RELEASE
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Deutsche Bank is to offer sub-custodian services to investors in securities listed on the Dubai International Financial Exchange (DIFX).
Nasser Al Shaali, Chief Operations Officer of the DIFX.
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Posted by Anne-Birte Stensgaard, Senior News EditorWednesday, March 08 - 2006 at 13:13 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Mon Apr 09 2007.
Notes and Media Contacts »
About DIFX
The DIFX is the region's first international financial exchange for equities, bonds, Islamic products, funds, index products and derivatives. The target areas of the DIFX for seeking issuers include the Middle East and North Africa, as well as South Africa, Turkey and the Indian sub-continent.
The regulator of the DIFX is the Dubai Financial Services Authority. The DIFX is located in the Dubai International Financial Centre (DIFC) and its owner is the DIFC Authority. www.difx.ae
About Deutsche Bank
With Euro 964 billion in assets and 63,652 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe. www.db.com
Tim Harrison/Lavina Chatterjee OR
ASDA'A Financial
Edelman affiliate in Middle East and North Africa
Dubai, UAE
Tel: +971-4-3344550
Fax: +971-4-3344556
Mark Fisher
Head of Corporate Communications
Tel: +971 4 361 2220
www.difx.ae
The DIFX is the region's first international financial exchange for equities, bonds, Islamic products, funds, index products and derivatives. The target areas of the DIFX for seeking issuers include the Middle East and North Africa, as well as South Africa, Turkey and the Indian sub-continent.
The regulator of the DIFX is the Dubai Financial Services Authority. The DIFX is located in the Dubai International Financial Centre (DIFC) and its owner is the DIFC Authority. www.difx.ae
About Deutsche Bank
With Euro 964 billion in assets and 63,652 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe. www.db.com
Tim Harrison/Lavina Chatterjee OR
ASDA'A Financial
Edelman affiliate in Middle East and North Africa
Dubai, UAE
Tel: +971-4-3344550
Fax: +971-4-3344556
Mark Fisher
Head of Corporate Communications
Tel: +971 4 361 2220
www.difx.ae
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