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February 2, 2010

Deutsche Bank opens Abu Dhabi branch

by Richard Kilner

Story link: Deutsche Bank opens Abu Dhabi branch

Deutsche Bank has opened its first branch in Abu Dhabi, the capital of the United Arab Emirates’ (UAE).

The new branch will cater to the needs of the firm’s corporate and institutional clients.

The opening ceremony was attended by a number of senior officials from the UAE, including H.E. Sheikha Lubna Al Qasimi, Minister of Foreign Trade and H.E. Sultan Bin Nasser Al Suwaidi, Governor of the Central Bank, as well as Deutsche Bank’s own head of Global Transaction Banking, Werner Steinmüller.

H.E. Sheikha Lubna stated that the presence of Deutsche Bank in Abu Dhabi underlined the strength of the UAE’s competitiveness and business friendly environment.

Steinmüller described the Middle East as an important region for the bank, with the UAE acting as a regional hub.

He went on to say that the firm’s new presence in Abu Dhabi followed Deutsche Bank’s global commercial footprint increasing in recent years in countries as distant as the Ukraine and China.

The bank started operations in China in early 2008, and in late 2009 opened a new branch in Tianjin.

 

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