Deutsche Bank and INSEAD today launched the start of an innovative partnership – known as the Deutsche Knowledge Institute – which sees the institutions working together to create a sustainable programme of development for Deutsche Bank employees in Asia Pacific.
The Institute formally began today with a leadership session for over 140 Deutsche Bank graduates - flown in from 14 countries - at the INSEAD campus in Singapore. Over the course of the day, graduates heard from top INSEAD professors and Deutsche Bank’s senior executives on the subjects of Deutsche Bank strategy, personal development, and economic fundamentals in Asia.
Deutsche Bank expects that 400 leaders and high potential staff from around the region will be trained at the INSEAD campus, in Singapore, as part of this partnership by the end of year. Plans are underway to expand the programme over coming years.
Rachel Blanshard, Head of Human Resources Asia Pacific at Deutsche Bank, said a formal and meaningful engagement with a business school of INSEAD’s stature show the seriousness with which Deutsche Bank approaches talent and leadership development in the region.
“Investing in our local talent base in Asia is extremely important given the pace in which Deutsche Bank is growing in Singapore and the region, as well as the increasing level of financial markets’ complexity evident across local markets.
Ronny Tan, Chief Country Officer for Deutsche Bank in Singapore, said Singapore was an obvious location for this partnership, given its leadership in promoting the banking industry and education sectors in the region.
“INSEAD and Deutsche Bank are recognised as global leaders in their respective fields. Given their significant presence in Singapore, the tie-up is only natural and augments Singapore's broader global school house strategy.”
Prof Narayan Pant, Affiliate Professor of Strategy and Dean of Executive Education for INSEAD, said:
“INSEAD is proud to enter into this special partnership with Deutsche Bank – an institution which like our own has been committed significantly to the Asian region. Our common European roots and global presence means we understand each others’ challenges and aspirations very well.
“This collaboration will allow INSEAD to push our research and learning to our limits; and has the added benefit of giving our school the opportunity to learn from a partner whose depth of knowledge in Asia Pacific could usefully complement our own understanding,” he said.
The establishment of the Deutsche Knowledge Institute reflects the rising importance of Asia Pacific for Deutsche Bank. The Bank now employees over 15,000 people in the region, and is recognised as the leading investment bank in Asia - being named Bank of the Year 2007 and 2005 by leading pan regional publication, International Financing Review Asia.
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 78,291 employees in 76 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
About Deutsche Bank Singapore
Deutsche Bank’s Singapore-based businesses are market leaders across Asia. Deutsche Bank’s Singapore office has carried out public capital market transactions on behalf of entities such as Temasek, DBS Bank, Keppel Land and Suntec Reit to name a few. For its excellence in serving such clients, Deutsche Bank Singapore has been recognised through various awards over previous years. These include Best Foreign Investment Bank Singapore in the 2006 Finance Asia country awards, and Best Foreign Investment Bank in the 2006 and 2005 Asian Asset awards.
Deutsche Bank Singapore now employs over 2,000 staff in Singapore and with the office serving as regional headquarters for many of our businesses - including Global Markets, Private Wealth Management, Asset Management and Global Transaction Banking. Singapore is also the regional head office for a number of infrastructure functions, including Global Technology and Operations (IT) and Finance.
The Global Markets business in Singapore – which includes sales, trading and research for foreign exchange, equities, interest rates, credit, and derivatives – occupies the largest trading floor of any foreign investment bank in the city state, and is the centerpiece of Deutsche Bank’s presence in one of its newest buildings at One Raffles Quay. It is from here that Deutsche Bank facilitates liquidity flows to and/or on behalf of many of Asia’s governments and leading companies. The Singapore office is also a centre of structuring excellence, in which the Bank seeks to innovate across a range of asset classes in order to help further develop capital markets in multiple countries across the region. And in Private Wealth Management, Deutsche Bank is widely regarded as a top three player in Asia.
