Deutsche Bank has added its new Asset Servicing Only solution to its global securities services business.
The new service offers outsourced corporate actions processing, tax reclamations and safekeeping of assets, allowing clients to choose core functions tailored to their needs.
Graham Ray, global head of product management for investor services at Deutsche Bank, said: “Efforts to make corporate actions processing more efficient are crucial for our customers. As the number and complexity of corporate action events increases, the quality of information is key in reducing risk and costs.”
According to Deutsche Bank, the service is partially intended to support clients in their migration to the Target2-Securities (T2S) platform.
Ray said: “Financial services companies offering securities services in Europe require modular based products which help their customers to meet the requirements in the regulatory/T2S environment.”
