Deutsche Bank China’s new Tianjin branch is open for business, following approval from the China Banking Regulatory Commission, obtained in July 2009.
Largely transaction and corporate banking focused, the new branch will initially offer services including treasury products and services for foreign exchange and interest rate hedging; structured trade and export finance; and will also provide onshore sales and customer services support to financial institutions.
The new branch complements the bank’s existing network in Beijing, Shanghai and Guangzhou.
Lee Zhang, group chairman of Deutsche Bank China and head of global banking Asia-Pacific (ex-Japan), comments: "The opening of Deutsche Bank’s Tianjin branch enables a significant expansion of our North China coverage. It is an important step in Deutsche Bank’s strategy in China, where we are committed to continue developing our business."
David Koh, Deutsche Bank’s head of global transaction banking and corporate banking coverage, China, adds: "As a world-class transaction banking services provider backed by a superior technological platform and strong on-the-ground expertise, we look forward to offering a comprehensive suite of innovative and customised solutions to more clients across North China and supporting their future growth."
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