OREANDA-NEWS. On 03 July 2008 was Deutsche Bank Russia announced the opening of a representative office in St. Petersburg. The office will provide client support on Private Wealth Management and Global Transaction Banking. It will be Deutsche Bank's second office in Russia after Moscow where Deutsche Bank has been operating since 1998. Moscow now has 1,000 people working across all product groups.

The office will be located at Yakubovicha Street, 24. Senior Relationship Officer for Global Transaction Banking will be Andrey Golubkov, Head of the Private Wealth Management office will be Ulyana Ivanova.

Commenting on the opening, Joerg Bongartz, Chief Executive Officer of Deutsche Bank Ltd. said, “Growing the global transaction banking and private wealth management segment of Deutsche Bank’s business in Russia by adding St Petersburg’s office demonstrates our dedication to the Russian market. We’ll ensure that our clients in Nothern-West Region benefit from local expertise and our commitment to exceptional customer service.”

Hans-Juergen-A Koch, Managing Director, Head of Private Wealth Management International, added, “Russia is becoming an increasingly important part of our global business and we are delighted to have a presence in Russia’s northern capital. Its growing role as a major business centre, hosting the headquarters of some of Russia’s and international largest companies, shows the clear demand for world-class financial services on the ground.”