Deutsche Bank named best fund administrator

Deutsche Bank said it had been named Fund Administrator of the Year in the Global Investor/ISF Middle East Awards 2012.
Alastair O’Dell, editor, Global Investor/ISF magazine, said: “Winning again as best fund administrator in the Middle East region, Deutsche Bank has shown itself to be at the forefront of market developments.”
The editor added: “Adapting to client needs and the changing marketplace, it has tailored its back office solutions to the region accordingly. Deutsche Bank has also demonstrated a strength in working with local regulators, deepening relationships and developing the industry.”
Mike Cowley, head of Deutsche Securities & Services Middle East and North Africa, said: “With an ever increasing competitive landscape and changing regulatory market, we are delighted to receive for the third year in a row the Global Investor/ISF Middle East 2012 award for Best Fund Administrator. We have seen strong growth in terms of assets under management and with our client base in the last 12 months and we will look to further deepen our relationships in the Middle East while continuing to work with the industry in what is still an evolving and developing environment.”