“Deutsche Bank Institutional Cash Athens team is always available to offer DB clients its services, support and expertise”, says Elizabeth Koskorou, Head of Corporate Bank and Institutional Cash Greece at Deutsche Bank. “Millions are routed through Deutsche Bank and clients can reach out to us for assistance on sensitive and complicated issues, or even in cases where a simple payment can have a major positive impact on society.”
At the bank’s trade financing and lending (TF&L) middle office in Luxembourg, team members have recently worked extended hours and over weekends to ensure that a flood of incoming syndicated loan requests from front office can be processed speedily and avoid potential bottlenecks. Complex syndicated loans that typically took six weeks are now processed within days as a result of these efforts, without any compromising of risks and controls.
“All of my teams here in Germany, the Netherlands and Luxembourg are extremely challenged,” says Anke Budzisch, head of TFDM lending, who is responsible for this area as part of the Europe, Middle East and Africa (EMEA) region. “We often work - like many other colleagues - until late at night.
“When it comes to matching, it helps that many colleagues have been with the bank for a long time and offer great experience and specialist knowledge. Everyone here knows what they have to do - we can rely 100% on each other,” she adds.