Mandates and payments roundup, May 17

Deutsche Bank expands its suite of renminbi services in China and Hong Kong, while SmartStream and Logica win new mandates.

Deutsche Bank introduces new renminbi services and is appointed depositary bank

Deutsche Bank’s global transaction banking GTB business has expanded the renminbi services it offers to its clients with the addition of escrow services in Beijing, Guangzhou and Hong Kong. The escrow services are provided through Deutsche Bank’s trust and securities services TSS business arm within GTB and offers debt, loan, renminbi bank account and structured finance services.

“As renminbi is increasingly being used as a currency in international business transactions, we understand that it is crucial for our corporate and institutional clients worldwide to have these renminbi-denominated services both offshore and onshore in China,” said Sally...

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