Deutsche Bank delivers China supply chain financing solution for BASF

The FINANCIAL — Deutsche Bank today announced that it has established a supply chain financing solution for BASF China, supporting the company and its suppliers in China with world-class working capital capabilities. With this solution, BASF and its partners will benefit from…

4 mins read

ING to appoint Ljiljana Čortan as chief risk officer

The FINANCIAL — ING announced today that Ljiljana Čortan will be appointed chief risk officer of ING. Ljiljana Čortan until recently served as chief risk officer of HypoVereinsbank – UniCredit Bank (HVB) in Germany. She will succeed Steven van Rijswijk, who was…

2 mins read

Deutsche Bank Luxembourg announced management changes

The FINANCIAL — Deutsche Bank today announced a number of changes in the supervisory and management bodies of its subsidiary Deutsche Bank Luxembourg S.A., the Management of Deutsche Bank AG Luxembourg branch and the Country Management for Luxembourg. These will take effect…

3 mins read

Commerzbank successfully completed full takeover of comdirect

The FINANCIAL — Commerzbank has successfully completed the full takeover of comdirect bank Aktiengesellschaft (“comdirect”). Yesterday, on 2 November 2020, the merger was entered in the Commercial Register of Commerzbank and therefore became effective. This brings the independence and stock-market listing of…

1 min read

Morgan Stanley Capital Partners completed investment in US HealthConnect

The FINANCIAL — Investment funds managed by Morgan Stanley Capital Partners (“MSCP”), a Private Equity team within Morgan Stanley Investment Management, announced that they have completed an investment in US HealthConnect (“USHC” or the “Company”). MSCP is partnering with the current management…

2 mins read

EBRD approves €20 million loan to Banca Intesa Beograd

The FINANCIAL — A loan of up to €20 million by the European Bank for Reconstruction and Development (EBRD) to Banca Intesa Beograd will help businesses and municipalities in Serbia to cope with the economic fallout of the coronavirus pandemic. The EBRD funds will address the liquidity needs…

2 mins read

Deutsche Bank expands Asia Pacific ESG team

The FINANCIAL — Deutsche Bank has appointed Kalpana Seethepalli to its Asia Pacific ESG team. This hire follows the appointment of Kamran Khan as Head of ESG for Asia Pacific in May of this year. In a newly created role, Kalpana will…

3 mins read