Formerly known as Morgan Grenfell & Co, DB Bank UK is a merchant bank based in London. It is a subsidiary of Deutsche Bank, one of the biggest banks in Europe and operating across the world in the Americas, Asia-Pacific, Europe and emerging markets.
Deutsche Bank was founded in 1870 to facilitate trade between Germany and other markets; the London branch was founded three years later and was the first branch to open outside Germany. London is the base of Deutsche Bank’s investment banking operations, as the City of London is a global centre for trade.
In the UK Deutsche Bank is one of the largest employers in the City and employs more than 8000 people of more than 100 nationalities.
DB Bank UK Products and Services
DB Bank UK works in three primary divisions; private and commercial banking, DWS asset management and corporate and investment banking.
The private and commercial banking division combines retail banking services with the sometimes more complex and demanding solutions needed by commercial entities and high net worth individuals.
Retail banking services include current accounts, deposits, loans, mortgages and investment management. For commercial clients, start-up financing and structured financing options are also available.
The wealth management division is one of the world’s largest wealth managers and serves family businesses, foundations and entrepreneurs with currency and deposit services, trusts and funds, estate and trust planning and philanthropy.
DWS is one of the biggest asset management companies In the world, managing more than 700bn in assets, and offers individual and institutional customers a range of targeted solutions that incorporate environmental, social and governance concerns.