Deutsche Bank named Best Euro Clearing Bank in the GCC

6 May 2014

Recognizing its superior regional platform, Deutsche Bank has been awarded Best Euro Clearing Bank in the GCC region from the Asian Banker Magazine during its regional award ceremony held in Dubai.

Harold Leenen, Regional Head of Global Transaction Banking for Middle East and Africa at Deutsche Bank, said: “We are happy to receive this significant recognition from The Asian Banker magazine. Our state-of-the-art payments processing infrastructure and long-term leadership experience are complemented by full transparency for clients around our Euro clearing processes in the GCC region. We will continue to leverage our unique global position as a leader in Euro clearing by investing in services and products that support clients in monitoring and managing their Euro payment streams.”

Marcus Sehr, Global Head of Cash Management Financial Institutions at Deutsche Bank, said: "Deutsche Bank is continuously investing in the quality and robustness of its Euro clearing solutions so that clients can rely on accurate and on-time execution - critical factors in the context of clients’ business obligations and financial markets demands."

Through its wide range of cash management, trade finance, trust and securities services, Deutsche Bank's Global Transaction Banking business helps companies all over the world to focus on achieving their business goals by processing and clearing domestic and cross-border payments, facilitating transactions for global trade and acting as trustee, agent and custodian.   

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