Fairfax-backed, leading Mumbai-based non-banking financial company (NBFC), IIFL Finance (IIFL), has secured $100 million in long-term funding, jointly, from Export Development Canada (EDC) and Deutsche Bank. The NBFC secured $ 50 million from EDC and $50 million from Deutsche Bank, respectively. The deal was structured under the aegis of Deutsche Bank as mandated lead arranger,…
Global data and measurement-driven media agency Essence will become Deutsche Bank’s new lead media agency from 1 January 2022. “Essence is the ideal partner to have at our side. Essence thinks through campaigns based on data from the customer’s point of view – and scales and distributes them together with their global network GroupM,” said…
Deutsche Bank has announced the long term extension of its partnership with Frieze, in support of artistic excellence and the shared vision of a diverse and thriving global community of emerging artists, according to a statement. “Our longstanding partnership with Frieze underlines Deutsche Bank’s commitment to encouraging new and noteworthy artistic talents from across the…
Deutsche Bank has recently announced that Daniel Ross will join the bank as Head of Investment Banking Coverage in the UK and Ireland. Daniel will join from Barclays where he was Vice Chairman of UK Investment Banking and Global Head of Media. He will be based in London and report to Patrick Frowein and Berthold…
Deutsche Bank has appointed M&A veteran Richard Robinson as a managing director and vice chairman of its global Industrials group, according to Reuters report. The veteran banker will initially focus on bigger clients in the bank’s fertilizer, agribusiness and mining segment, it said. Robinson spent 21 years at U.S. bank Morgan Stanley, where he most…
Deutsche Bank’s tech centres in India are hiring 1,000 employees this year to grow its in-house engineering capabilities, according to the Times News Network report. Out of the 1,000, it has already hired over 300 graduates from top engineering institutes in the country. They will join the bank in July. The remaining would be lateral…
TCS has completed the acquisition of 100% shares of Postbank Systems AG from Deutsche Bank AG through its subsidiary Tata Consultancy Services Netherlands B.V. PBS is the full-range captive IT service provider that provides project management, application management and infrastructure support services to Postbank and other subsidiaries of Deutsche Bank. PBS and its around 1,500…
EQT, a global investment organization, has announced that the EQT VII Fund will sell Apleona Group GmbH to PAI Partners SAS. Apleona, based in Neu-Isenburg, offers both technical building management services as well as infrastructural and commercial building management as part of an integrated offer. EQT acquired the company in 2016 as part of a…
Deutsche Bank, a multinational investment banking company is looking to link its top executives’ pay to the lender’s sustainability goals, according to a report by Frankfurter Allgemeine Zeitung, quoting an internal memo by Christian Sewing, Chief Executive Officer. Measuring the volume of sustainable investment and financing that follows the environmental, social and governance criteria and…
Tata Consultancy Services, a global IT services, consulting and business solutions organization, and Deutsche Bank AG have announced an agreement under which TCS will acquire 100% of the shares of Postbank Systems AG (PBS) from Deutsche Bank AG. PBS is the full-range captive IT service provider that provides project management, application management and infrastructure support…
Deutsche Bank and Google Cloud have agreed to join forces and form a strategic partnership that aims to redefine how the bank develops and offers its financial services. According to the Google Cloud’s press statement, “The partnership is unique in that it will not only deliver cutting edge cloud services to Deutsche Bank, but also…
Deutsche Bank’s top managers will waive one month of fixed pay in an effort to cut costs as Germany’s largest lender deals with the fall-out of the coronavirus crisis. As per a Reuters report, members of the management board as well as the bank’s group management committee will be affected by the move, chief executive…
Germany-based investment banking company Deutsche Bank recently announced the appointment of Kamran Khan for the newly created role of Head of ESG for Asia Pacific. In his new role, he will be responsible for developing and coordinating the regional business strategy around ESG across all of the bank’s business divisions in the region. Kamran will…
German investment banking company, Deutsche Bank’s Chairman Paul Achleitner has recently said that he intends to step down when his term ends in 2022. As per a Reuters report, his decision signals a new era at the German bank as it struggles to become profitable. Deutsche Bank is Germany’s largest lender. The announcement was made…
Deutsche Bank, the German banking leader and a key global player in the investment banking space has increased the capital base for its India operations by Rs. 450 crore. This increase in capital is expected to fuel its growth plans, and the move is seen at the banks increasing focus on the Indian market. The…