Deutsche Bank has announced the opening of a new branch in Taipei. The bank's new Taiwan operations, which will carry the name Deutsche Securities Asia, will include an equity brokerage service to international institutional investors based in Taiwan.
Deutsche has also secured a Taiwan dollar underwriting license, which will allow the bank to originate domestic debt issues for local and international borrowers.
Although the initial focus will be on the brokerage and debt capital markets business, there are plans to expand the business to include proprietary trading.
Over the last few months, Deutsche has been building up the securities team in Taipei, which now employs around 20 professionals. The bank also employs more than 100...