17 August 2017
visit www.avoka.com

Deutsche talks up maxblue integrated broking model

25 March 2002  |  3956 views  |  0 Deutsche Bank HO3

Deutsche Bank says its online investment centre, maxblue, has notched up 230,000 new account openings across Europe since its launch twelve months ago.

Over the past year, Deutsche claims the unit succeeded in attracting more new users in Germany than all other online brokers, raising its market share from 14% to nearly 20%. Maxblue now claims 502,000 active accounts on its home turf. Of assets under management, market share rose from 15% to 18%, and in executed orders maxblue expanded its market share from 8% to 10%, says the bank.

In comparison to Internet-only brokers, maxblue offers online execution alongside access to the research and investment banking expertise of the Deutsche Bank Group, along with personal advisory and wealth management services throughout the bank's branch network.

The bank is looking to develop further relationships across Europe, modelled on its successful link with Banco do Brasil. Under the name 'maxblue Banco do Brasil/Deutsche Bank', customers of the Brazilian bank have full access to all of the maxblue products and information. While the customer relationship remains with the partnering company, users get an online broking and avisory service courtesy of Deutsche Bank.

Deutsche Bank, itself rumoured to be a takeover/merger target for Lloyds TSB, says it has so far had discussions with 12 UK banks, building societies and insurers about exporting the maxblue concept to Britain.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bank of China to acquire Hutchison CSFBdirect - FT

Bank of China to acquire Hutchison CSFBdirect - FT

25 March 2002  |  3216 views  |  0 comments
Deutsche upgrades BrokerMerit using .NET technology

Deutsche upgrades BrokerMerit using .NET technology

08 March 2002  |  3825 views  |  0 comments
Deutsche 24 renews ATM outsourcing contract with Euronet

Deutsche 24 renews ATM outsourcing contract with Euronet

26 February 2002  |  2472 views  |  0 comments
Deutsche takes 36% stake in Interactive Limited

Deutsche takes 36% stake in Interactive Limited

04 February 2002  |  2679 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.niceactimize.com

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10024 views comments | 8 tweets | 16 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
10012 views comments | 13 tweets | 11 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8337 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7784 views 0 | 1 tweets | 9 linkedin
PayPal buys Swift Financial to boost working capital bizPayPal buys Swift Financial to boost worki...
7726 views comments | 13 tweets | 7 linkedin

Featured job

Find your next job