Deutsche Bank today announced that Infrastructure Investor magazine has chosen the Bank as Global Corporate Trust Services Provider of the Year. This is the second consecutive year Deutsche Bank has received this award.
The Bank was nominated in the category by the editorial staff of Infrastructure Investor and in an on-line poll conducted during December and January. More than 1,000 readers participated, with Deutsche Bank voted as the top Global Corporate Trust Services Provider.
Satvinder Singh, Global Head of Trust & Securities Services and Cash Management Financial Institutions, said, “We are pleased to receive this award from Infrastructure Investor and are grateful to our clients for recognizing us for this honor. This award reaffirms the Bank’s commitment to clients as the team remains focused on servicing the needs of the project and infrastructure finance business. We are dedicated to delivering world-class Trust and Securities Services to benefit our client base.”
More recently, project finance transactions have become increasingly complex. Deals are more highly structured as borrowers need to reach out to many different types of lenders to raise sufficient financing. Project financings are making use of hybrid bank loan and bond structures, as well as export credit agency debt and government-sponsored programs. These structures require oversight by a knowledgeable administrative agent, who is proficient in the day-to-day management of large, multi-tranche syndicated debt financings.
F. Jim Della Sala, Global Head of Trust and Agency Services, Deutsche Bank, said, “This recognition is due to our strong client relationships and our broad suite of services to support project finance transactions, including a highly specialized administrative agent service, inter-creditor agent, collateral agent, account bank, and bond trustee. Our continuing investment in expanding our product set and servicing platform combined with having dedicated people on the ground in the US, Latin America, Europe and Asia distinguishes us in the marketplace."
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.
Trust & Securities Services
Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on www.tss.db.com.
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