Deutsche Bank receives two Best Fund Administrator awards
- United Arab Emirates: Sunday, February 17 - 2013 at 13:25
- PRESS RELEASE
Deutsche Bank announced that it has been named by MENA Funds Managers as 'Best Fund Administrator - Mutual Funds' and 'Best Fund Administrator - Sharia Compliant Funds' during its 4th Annual MENA Fund Manager Performance Awards Ceremony held in Dubai, United Arab Emirates.
The MENA Fund Manager panel of judges, stated, "The range of products and capabilities on show within Deutsche Securities and Services highlighted it to be the mutual fund administrator of choice. In addition, it underlined its excellent capabilities in structuring Islamic-compliant vehicles and providing accounting services in both Shariah and conventional accounting standards to receive the Best Fund Administrator for Sharia Compliant Funds."
Mike Cowley, Branch Manager of Deutsche Securities and Services, said, "We are very pleased to receive these awards from MENA Funds Managers, as they confirm our capability in providing powerful fund administration solutions leveraging the resource of a global bank that is well known for its Transaction Banking Operations."
Deutsche Securities and Services (DSS) in the UAE was established in 2008 covering all three UAE markets with a leading market share for NASDAQ Dubai assets. DSS connected the two key ICSD's Euroclear and Clearstream into the region along with being top rated in the categories for Cross Border Non Affiliate and Domestic.
DSS is also the first institution to instigate an agent move in the region in 2009 and continuing with a strong migration record till date.
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