Deutsche Bank establishes DSS in Dubai

by Richard Kilner

Story link: Deutsche Bank establishes DSS in Dubai

Deutsche Bank AG has announced that it has established Deutsche Securities and Services (DSS) within Dubai.

The United Arab Emirates’ regulator, the Securities and Commodities Authority, has given permission for the DSS to engage in custody business.

Deutsche Bank’s CEO for the Middle East and North Africa, Henry Azzam, has described the establishment of DSS as an important regional landmark for the bank.

Azzam went on to say that it also underlined the firm’s focus on growth within the Middle East, and underlines the recognition of the great opportunities available in the UAE itself and in the region as a whole.

As well as DSS, the firm has its regional HQ in DIFC, and a pair of representative offices in Dubai and Abu Dhabi.