Latest news with #Hausbank
Yahoo
23-05-2025
- Business
- Yahoo
Deutsche Bank bolsters UAE foothold with ADGM licence
Deutsche Bank has secured a financial services licence from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM) to perform essential regulated activities within the international financial hub. The licence enables Deutsche Bank to engage in various regulated activities as outlined in the Financial Services and Markets Regulations 2015 (FSMR), including arranging deals in investments, arranging credit, and advising on investments or credit. This development is in line with Deutsche Bank's strategy to enhance its operations in the UAE. The bank aims to align its efforts with its global Hausbank strategy, which focuses on being a reliable partner to clients by providing integrated financial solutions that meet their changing needs across different markets and sectors. Deutsche Bank Middle East and Africa CEO Jamal Al Kishi said: 'Receiving this licence is an important step in our strategy to better meet the evolving needs of our clients in the UAE and across the region. 'It improves our ability to deliver on our Hausbank promise — to serve as a trusted partner to clients wherever they operate.' Jean-Pierre Habis has been named senior manager for the new ADGM branch, with responsibility for managing key aspects of the bank's regulated business activities and assisting in the delivery of customised financial solutions to clients. The ADGM licence aligns with Deutsche Bank's goal of linking global capital with regional opportunities, stated the German lender. It also contributes to the economic transformation of the region, in line with national initiatives such as 'We the UAE 2031' and the 'Abu Dhabi Economic Vision 2030.' Deutsche Bank currently provides services in investment banking, corporate banking, and wealth management in the region. Recently, Coller Capital partnered with Deutsche Bank to offer its flagship private equity secondaries fund, CollerEquity, to professional and qualified individual investors in Asia and select EMEA countries. "Deutsche Bank bolsters UAE foothold with ADGM licence" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Arabian Business
21-05-2025
- Business
- Arabian Business
Deutsche Bank expands in UAE with Abu Dhabi Global Market licence
Deutsche Bank has announced that it has received a financial services permission from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM), enabling the bank to conduct key regulated activities within the international financial centre. The licence permits Deutsche Bank to engage in the following Regulated Activities under the Financial Services and Markets Regulations 2015: Arranging deals in investments Arranging credit Advising on investments or credit This milestone reflects Deutsche Bank's commitment to deepening its presence in the UAE and bringing the bank closer to its clients. Deutsche Bank expands in UAE with Abu Dhabi Global Market base It also supports the bank's global Hausbank strategy, which is focused on being a long-term, trusted partner to clients by staying close to them and delivering integrated financial solutions tailored to their evolving priorities, across markets, geographies, and sectors. To support its business growth, Jean-Pierre Habis has been appointed as a Senior Manager for the new ADGM branch, overseeing key aspects of the bank's regulated business activities and supporting the provision of tailored financial solutions to clients. The ADGM licence supports Deutsche Bank's ambition to connect global capital with regional opportunities and to play an active role in the region's economic transformation, aligned with national initiatives such as 'We the UAE 2031' and the 'Abu Dhabi Economic Vision 2030.' Deutsche Bank has been present in the UAE for more than 25 years. The bank first established a representative office in Abu Dhabi in 1999 and has since expanded its footprint to encompass four legal entities across the country, one of which is the newly licensed ADGM entity. Today, the bank serves clients across investment banking, corporate banking and wealth management, offering solutions that combine best-in-class global capabilities with local insight. Jamal Al Kishi, Chief Executive Officer for Middle East and Africa, said: 'Receiving this licence is an important step in our strategy to better meet the evolving needs of our clients in the UAE and across the region. 'It improves our ability to deliver on our Hausbank promise — to serve as a trusted partner to clients wherever they operate.' Esra Turk, Head of CEEMEA Institutional Client Group and Chair of Investment Bank MEA, said: 'ADGM is fast becoming a hub for international finance in the region. Our expanded presence here reflects the growing importance of Abu Dhabi in our global network and reinforces our commitment to providing clients with closer access to expertise and solutions while increasing the intensity of our coverage.'
Zawya
21-05-2025
- Business
- Zawya
Deutsche Bank expands its UAE presence with a new ADGM license
Deutsche Bank announces today that it has received a financial services permission from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM), enabling the bank to conduct key regulated activities within the international financial center. The license permits Deutsche Bank to engage in the following Regulated Activities under the Financial Services and Markets Regulations 2015 (FSMR): Arranging Deals in Investments Arranging Credit Advising on Investments or Credit This milestone reflects Deutsche Bank's commitment to deepening its presence in the United Arab Emirates (UAE) and bringing the bank closer to its clients. It also supports the bank's global Hausbank strategy, which is focused on being a long-term, trusted partner to clients by staying close to them and delivering integrated financial solutions tailored to their evolving priorities, across markets, geographies, and sectors. To support its business growth, Jean-Pierre Habis has been appointed as a Senior Manager for the new ADGM branch, overseeing key aspects of the bank's regulated business activities and supporting the provision of tailored financial solutions to clients. The ADGM license supports Deutsche Bank's ambition to connect global capital with regional opportunities and to play an active role in the region's economic transformation, aligned with national initiatives such as 'We the UAE 2031' and the 'Abu Dhabi Economic Vision 2030.' Deutsche Bank has been present in the UAE for more than 25 years. The bank first established a representative office in Abu Dhabi in 1999 and has since expanded its footprint to encompass four legal entities across the country, one of which is the newly licensed ADGM entity. Today, the bank serves clients across investment banking, corporate banking and wealth management, offering solutions that combine best-in-class global capabilities with local insight. 'Receiving this license is an important step in our strategy to better meet the evolving needs of our clients in the UAE and across the region,' said Jamal Al Kishi, Chief Executive Officer (CEO) for Middle East and Africa (MEA). 'It improves our ability to deliver on our Hausbank promise — to serve as a trusted partner to clients wherever they operate.' Esra Turk, Head of CEEMEA Institutional Client Group and Chair of Investment Bank MEA, added: 'ADGM is fast becoming a hub for international finance in the region. Our expanded presence here reflects the growing importance of Abu Dhabi in our global network and reinforces our commitment to providing clients with closer access to expertise and solutions while increasing the intensity of our coverage.' For further information, please contact: Deutsche Bank AG Press & Media Relations Mohanad Nahas Phone: +971 (0) 4 3611 754 E-Mail:
