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Deutsche Bank offers corporate cash management services in Brazil

30 May 2007  |  1794 views  |  0 Source: Deutsche Bank

Deutsche Bank Global Transaction Banking today announced that it has enhanced its current treasury offering in Brazil to include corporate cash management services.

These new capabilities will complement the Bank's other transaction banking services, including domestic custody and trade finance.

As part of this augmentation, Brazilian corporates will be provided with real-time access to db-direct internet, Deutsche Bank's electronic banking platform. This integrated solution will allow Brazilian corporates to have single access to all of their accounts in Brazil and worldwide. Additionally, clients can automate the processing of payments, saving them valuable time and reducing their costs.

Werner Steinmueller, Head of Global Transaction Banking, said, "As a leading player in cash management globally, Deutsche Bank processes payments worth more than $1,000 billion per day. The Bank is committed to expanding our transaction banking capabilities in Latin America and other growing markets worldwide. The Bank has made the necessary financial investment to provide Brazilian corporates with a cash management solution that accommodates their needs on a global basis. Our goal is to strengthen our existing ties with corporations in this important market."

Rolf Wiegel, Head of Global Transaction Banking - Brazil, said, "Deutsche Bank's expanded cash management offering in Brazil complements our existing treasury platform. This expanded offering will open new opportunities for Brazilian corporations."

Last week, Deutsche Bank Global Transaction Banking also announced an addition to its Trust and Securities Services business in Brazil, with Karla Fernandez joining from Bank of New York to sell transaction administration and fiduciary services in support of the financing activities of Brazilian companies.

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