Deutsche Bank named "Best Administrator for Small and Start up Hedge Funds" by HFM Week
New York, Deutsche Bank’s Alternative Fund Services, part of the bank’s Trust & Securities Services business in its Global Transaction Banking (GTB) division, recently won the “Best Administrator for Small and Start up Hedge Funds” award from HFM Week.
HFM Week’s US Service Provider Awards are designed to recognize companies that have outperformed their peer group over the course of 2008/2009. The awards are judged both quantitatively and qualitatively producing a final short-list of candidates that have demonstrated financial progress, growth and genuine innovation. Deutsche Bank was one of seven finalists and in HFM Week’s words “Deutsche Bank’s Alternative Fund Services has continued to grow, demonstrating a sustained commitment to clients and quality product offering.”
“Winning Best Administrator for Small and Start up Hedge Funds is industry recognition for the high quality service we aim to provide and to our entire team which works diligently to serve the needs of our clients,” said Chris Nero, Co-Head of Alternative Fund Services.
In addition, the Bank’s Global Prime Finance business, within its Global Markets division, received the Prime Broking Innovation award.
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,530 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, provides fund and hedge fund administration and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in more than 30 securities markets. The Alternative Fund Services group provides a wide range of administrative and banking services to hedge funds, fund of funds, real estate funds, private equity funds and other alternative investment vehicles. Services include fund and portfolio accounting, net asset value calculations including pricing and valuation support, shareholder/investor services, liquidity lines, fund of funds custody and an investor reporting platform.
This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG London.
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