Global Transaction Banking

Global Transaction Banking (GTB) is comprised of commercial banking products and services for corporate clients and financial institutions, including domestic and cross-border payments, professional risk mitigation for international trade and the provision of trust, agency, depositary, custody and related services. Business units include Cash Management for Corporates and Financial Institutions,
Trade Finance and Trust & Securities Services.

2007 was a record year for GTB. The business grew across all regions, with strong growth in our European home market and Asia/Pacific alongside solid performance in the Americas, despite the difficult market and macro environment.

In our Corporate Client group we reinforced our growing position as a provider of banking services across Asia, the Americas and Europe by strengthening our franchise and distribution capabilities. We remained focused on our target markets in Eastern Europe, winning some significant mandates in the region. We have remained at the forefront of product development ahead of the introduction of the Single Euro Payments Area (SEPA) at the end of January 2008, enabling our clients to swiftly benefit from the advantages that SEPA offers. Our Trade Finance business grew steadily, especially in emerging markets, and we achieved leading league table positions as arranger of global trade finance loans. During 2007, we widened our product and service offering to meet the combined cash management and trade financing needs of our corporate customers.

In 2007, more and more financial institution clients turned to Deutsche Bank as they sought to consolidate business with a single global cash management provider. Furthermore, we have seen increased interest in partner bank arrangements or in-sourcing solutions for transaction processing. Our Trust & Securities Services business delivered strong growth in the equity and custody businesses winning a significant number of depositary receipt and custody mandates and becoming a pre-eminent administrator for Islamic capital market transactions.

We also focused on expansion in high-growth markets, purchasing the institutional custody business of Garanti Bank in Turkey, establishing a registrar and transfer agency business for Indian mutual funds and introducing fund administration services in several Asian markets including Sharia-compliant services in Malaysia. Although our business was impacted in the second half of the year by disruption to the credit markets, our diverse product portfolio allowed us to weather the challenges.