Deutsche Bank invests $4.2 mln in Illumen Capital

The FINANCIAL — Deutsche Bank, through its Community Development Finance Group (CDFG), has committed 4.2 million dollars to Illumen Capital, a Black-owned and led fund that develops and incorporates strategies to reduce racial and gender bias in investment decisions. Illumen Capital recently closed…

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Deutsche Bank opens cash management business in Australia

The FINANCIAL — Deutsche Bank has added to its global network of Cash Management locations with the establishment of a new business in Australia. The bank now operates cash management services in 35 locations globally, 14 of which are in Asia Pacific.…

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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…

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Deutsche Bank extends INR 12bn lifeline to Indian MSMEs

The FINANCIAL — Deutsche Bank is supporting India’s micro, small and medium enterprises (MSME) through the pandemic by extending over 12 billion Indian rupees (~138 million euros) of credit to more than 2,000 clients. The loans are part of the Government of…

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Deutsche Bank names Frank Krings as CCO for France

The FINANCIAL — Deutsche Bank announced the appointment of Frank Krings as Chief Country Officer (CCO) France and General Manager of the Deutsche Bank AG Paris Branch. Krings is CEO of Deutsche Bank Group for Western Europe and currently Chairman of the Management Board…

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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…

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Deutsche Bank announced 2020 Female FinTech Competition winner

The FINANCIAL — After two months, 43 applications, six finalists and one virtual pitch: Nuggets has emerged as the winner of the 2020 Female FinTech Competition. The UK-based e-commerce payments and ID platform allows users to store their personal and payment details…

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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…

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Deutsche Bank leads largest ever social bond for EU

The FINANCIAL — Deutsche Bank helped the European Union (EU) break new records this week by leading its inaugural jumbo social bond. The 17 billion euro issuance, split between a 10 billion euro 10-year and a 7 billion euro 20-year tranche was…

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World Bank prices $6 bln 5-year Sustainable Development Bond

The FINANCIAL — The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a global benchmark USD 6 billion Sustainable Development Bond maturing on October 28, 2025.           Very strong demand from global investors for the USD benchmark led to an…

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