Deutsche Bank opens second Russian office

by Richard Kilner

Story link: Deutsche Bank opens second Russian office

St Petersburg is to be the site of a new Deutsche Bank representative office.

Private wealth management and global transaction banking support will be on offer to clients from the new office.

Deutsche Bank presently has a single office in Russia, located in Moscow, which has been in operation for the last decade and has more than 1,000 staff.

Andrey Golubkov is appointed as senior relationship officer for global transaction banking, with Ulyana Ivanova heading up the private wealth management team.

Deutsche Bank’s CEO, Joerg Bongartz, said that the expansion of service provision afforded by a second Russian office signified the commitment the firm has to the Russian market.

Bongartz also said that the North-West region would benefit from exceptional customer service coupled together with local expertise.