Deutsche Bank has aligned its trust and securities services, cash management for financial institutions (FIs) and FIs and securities sales businesses into a single unit within the bank’s global transaction banking (GTB) division.
The combined unit will be formed as the institutional cash and securities services (ICSS), headed by Satvinder Singh, its global head of trust and securities services and cash management FIs.
The new unit combines product, sales and coverage teams for three client-centric businesses and will provide FIs, investors and issuers with easier access to the bank’s range of transaction banking services.
Deutsche Bank added that the change brings further clarity to the ICSS operating model and will allow it to provide clients with integrated end-to-end solutions through enhanced delivery capabilities and a closer collaboration with the bank.
“Our aim is simple yet ambitious: to put clients at the heart of GTB by creating an organisation that meets their specific needs from end-to-end,” said Werner Steinmueller, head of GTB and a member of Deutsche Bank’s group executive committee.
“Satvinder Singh is a highly respected figure in the transaction banking industry and has excellent relationships with clients and significant experience in successfully leading sales and product organisations.”
Singh added: “This is an exciting opportunity as it allows us to further invest in our core competencies and become even more client-centric. Most importantly, the alignment of product and sales enables us to intensify the delivery of our client-focused solutions.”
In today’s digitally connected world, infinite quantities of data are produced by consumers daily at a mind-boggling pace and volume. With under three months left to prepare, here are four areas for businesses to consider, to make sure they are ready for GDPR implementation.
Cash-flow based metrics now feature prominently alongside traditional revenue measures of business performance in the key figures or financial summary pages of any public company.
GTNews asks Pugsley about what advice she would give to treasurers dealing with mergers and acquisitions, what the key challenges for her year ahead will be and how she is selecting a treasury management system (TMS).
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.