1 53 rd ACI Financial Markets World Congress WORLD CONGRESS BERLIN MARCH 2014
2 3 Contents 4 Contents 4 Venues 4 ACI Counter 5 Shuttle Bus Schedule 6 Attendee Program 12 Accompanying Persons Program 14 Exhibition 16 City Map Hotels and U3 18 Brilliant Sponsors 20 Platin Sponsors 24 Gold Sponsors 29 Silver Sponsors 42 Attendee List, Alphabetical Order 78 Attendee List, Institutes 102 Imprint Visit Berlin!
3 5 Shuttle Bus Schedule 6 Venues Shuttle bus schedule Bärensaal im Alten Stadthaus Klosterstr Berlin U3 Eventlocation Potsdamer Platz Berlin Maritim Hotel Berlin Stauffenbergstr Berlin ACI Counter At the Maritim Hotel Berlin Opening Hours Thursday 16:00 22:00 h Friday 09:00 22:00 h Saturday 08:30 12:00 h Attention: ACI-Counter for congress registration (name badge, delegate list etc.) is available only at Maritim Hotel! Thursday, 27 March 2014 From Scandic to Maritim From Maritim to Scandic 15:30 20:00 16:00 22:00 Departure for council dinner (Bärensaal) from Maritim Hotel 18:00 h. Friday, 28 March 2014 From Scandic to Maritim From Maritim to Scandic 08:30 17:00 08:45 17:30 14:00 16:00 17:00 Attention: No shuttle from Scandic to U3. Walking distance 5 minutes. From Esplanade to Maritim From Maritim to Esplanade 8:30 17:00 From Maritim to U3 From U3 to Maritim 18:30 23:30 18:45 23:45 19:00 00:00 19:15 00:15 From Esplanade to U3 From U3 to Esplanade 18:30 24:00 Saturday, 29 March 2014 From Esplanade to Maritim From Maritim to Scandic and Esplanade 08:30 14:00 14:30 From Scandic to Maritim From Maritim to Scandic 08:30 17:15 08:45 17:30 18:15 23:30 18:30 00:00 18:45 00:30 19:00 From Maritim to Esplanade From Esplanade to Maritim 17:30 18:30 00:00
4 7 Attendee Program 8 Attendee program Tuesday, 25 March :00 Dinner for MB-Members Maritim Hotel Restaurant Grand M, ground Floor Dresscode: Business Suit Wednesday, 26 March 2014 Thursday, 27 March 2014 dresscode for the day: Business Suit 09:00 17:00 ACI Council Meeting Maritim Hotel Room: Hall Berlin D, Ground Floor 12:00 13:30 Lunch Counselors Maritim Hotel Restaurant, 1 st Floor 16:00 Opening of the exhibition floor Maritim Hotel Foyer and Galerie, ground Floor and 1 st Floor 18:00 22:00 Dinner exhibition dresscode: Business Casual 09:00 15:00 ACI Management Board Meeting Maritim Hotel Room: Salon 1, Ground Floor 14:00 17:00 Committee for Professionalism Meeting Maritim Hotel Room: Suite 2047, 2 nd Floor 09:00 16:00 ACI Board of Education Meeting Maritim Hotel Room: Salon 6, Ground Floor 12:30 14:30 Lunch only for morning attendees Maritim Hotel Restaurant, 1 st Floor 15:00 17:30 Regional Meeting ACI Europe Maritim Hotel Room: Salon 7, Ground Floor 15:15 17:30 Regional Meeting ACI Middle East Maritim Hotel Room: Salon 1, Ground Floor 15:00 17:30 Regional Meeting ACI Asia Maritim Hotel Room: Salon 2, Ground Floor 19:00 23:00 ACI Council Dinner Bärensaal im Alten Stadthaus, klosterstraße 47, Berlin dresscode: Business Suit 18:00 Meeting point for the bus shuttle: Maritim Hotel Foyer Friday, 28 March 2014 Maritim Hotel Room: Saal Maritim, ground Floor dresscode for the day: Business Suit 09:00 09:15 Opening remarks: Chairman of ACI International 09:15 10:15 General Assembly of ACI International 10:15 11:00 Coffee break 11:00 12:30 Panel Discussion: Topic: Current Developments in FX a sellside-buyside discussion Teaser: To hedge or not to hedge, What liquidity is on tap or is the barrel running low, Regulation, regulation, regulation how do we keep the ethos of a self-regulated market alive? other topical items du jour Moderator: David Woolcock Panellists: sven Carlsson, Ericsson Treasury Patrick Fleur, PGGM Investments Paul Chappell, C-View stephane Malrait, SocGen Chris Knight, StanChart Robert Entenman, Unicredit
5 9 Attendee Program 10 12:30 14:00 UBS AG Lunch 14:00 17:00 ACI FX Committee Meeting Maritim Hotel Room: Salon 15, 1 st Floor 14:00 17:00 Contact sessions Meeting point Foyer Hotel Maritim Guided tour Berlin, Topic: 25 Years of Reunification several highlights of the tour: Reichstag (House of the German Parliament) Schloss Bellevue (House of the Federal President of Germany) Kurfürstendamm Kaiser-Wilhelm-Gedächtniskirche KaDeWe (Largest department store on the European continent) Checkpoint Charlie Berliner Dom Museumsinsel Brandenburger Tor Pariser Platz Visit to the exhibition floor 17:00 18:30 ACI Regulatory Working Group Maritim Hotel Room: Salon 16, 1 st Floor 19:00 24:00 Welcome event Germany meets the World location: U3-Subway tunnel, Potsdamer Platz 1, Berlin, dresscode: Smart Casual Opening remarks: Walter Momper, former Governing Mayor of Berlin Saturday, 29 March 2014 dresscode for the day: Business Suit 09:00 10:30 General Assembly of ACI Germany with the election of new board members of ACI Germany, (language: German) Maritim Hotel Room: Saal Maritim, Ground Floor in parallel: Moderation of all morning sessions: Michael McDonough, Head of Economics, Chief Economist Bloomberg LP 09:30 10:30 For international delegates (language: English) Speech: Helmut Rittgen, Head of Cash and Cash Policy Department, deutsche Bundesbank Topic: The introduction of D-Mark in the former German Democratic Republic Maritim Hotel Room: Saal Berlin, Ground Floor 10:30 11:30 Dr. Jens Weidmann, President of Deutsche Bundesbank Keynote Speaker Maritim Hotel Room: Saal Maritim, Ground Floor 11:30 12:30 Speech: Peter Zöllner, Head of Banking Department, Bank for International Settlements BIS, Basel Topic: Recent trends in the foreign exchange and money markets Maritim Hotel Room: Saal Maritim, Ground Floor 12:30 14:00 Deutsche Bank traditional Berlin Lunch Maritim Hotel Room
6 11 Attendee Program 12 14:00 17:15 Workshops: 14:00 15:30 Covered Bonds 14:00 15:30 Credits Topic: From Domestic to Global Covered Bonds role in today`s banking Speech: Mr. Jens Tolckmitt, Chief Executive of the Association of German Pfandbrief Banks (vdp) Matthias Melms, NordLB Covered Bond Research Jörg Homey, DZ Bank Covered Bond Research Maritim Hotel Room: Salon 17, 1 st Floor Topic: ESM and EFSF the two European crisis resolution mechanisms mission, scope & outlook Speech: Siegfried Ruhl, ESM Jürgen Klaus, ESM Maritim Hotel Room: Salon 4 and 5, Ground Floor 14:00 15:30 Foreign Exchange Topic: Paper or gold? About the future of the world s major currencies Speech: Dr. Thorsten Polleit, Chief Economist Degussa Maritim Hotel Room: Saal Berlin, Ground Floor 14:00 15:30 Liquidity Management Topic: Quo Vadis Money Market Panellists: Massimo Burratti, E-Mid Michael Cyrus, Deka Bank Jürgen Sklarczyk, Deutsche Bank dr. Karsten Stroborn, Deutsche Bundesbank Moderator: Holger Westermann, Commerzbank AG Maritim Hotel Room: Salon 7, Ground Floor 15:45 17:15 Asset-/Liability Management 15:45 17:15 Regulation 15:45 17:15 Repos Topic: Treasury reloaded Teaser: More banking without banks? Treasury as a risk taker or an execution desk? LCR kills Money Market, Financial Transaction Tax kills Repo? Is P&L history? Treasury operating model. Panellists: Karl Borgmeyer, SEB AG Robert Kiascek, Commerzbank AG Hans Sattler, Bremer Landesbank gerhard Schmidt, DZ BANK AG Moderator: Dr. Rolf Reichardt Maritim Hotel Room: Salon 7, Ground Floor Topic: Regulatory Stress The European Way Speech: Markus Schulz, HSH-Nordbank Kiel dr. Gabriel Herz, HSBC Düsseldorf thomas Hornung, NRW.BANK Düsseldorf Maritim Hotel Room: Salon 17, 1 st Floor Topic: CCP Central Counterpart Speech: Andrew Scrivener, Morgan Stanley Maritim Hotel Room: Salon 4 and 5, ground Floor 18:30 SAXO Bank Apero 19:15 Gala Dinner Maritim Hotel Room: Saal Maritim dresscode: Business Suit 23:45 After Congress Party
7 13 Accompanying Persons Program 14 ACCompanying persons program Wednesday, 26 March :00 23:00 ACI Council Dinner Bärensaal im Alten Stadthaus, klosterstraße 47, Berlin 18:00 Meeting point for the bus shuttle: Maritim Hotel Foyer Thursday, 27 March 2014 At free disposal. Friday, 28 March :00 Meeting point for the bus shuttle: Maritim Hotel Foyer 09:30 11:30 Boat trip on the river Spree through the City Centre of Berlin to the Oberbaumbrücke and back to the Holsteiner Ufer on board of MS La Belle Bus shuttle back to Maritim Hotel 12:30 14:00 UBS AG Lunch, Maritim Hotel 14:00 17:00 Contact Sessions Meeting point: Maritim Hotel Foyer Guided tour Berlin, Topic: 25 Years of Reunification several highlights of the tour: Reichstag (House of the German Parliament) Schloss Bellevue (House of the Federal President of Germany) Kurfürstendamm Kaiser-Wilhelm-Gedächtniskirche KaDeWe (Largest department store on the European continent) Checkpoint Charlie Berliner Dom Museumsinsel Brandenburger Tor Pariser Platz 19:00 24:00 Welcome event Germany meets the World location: U3-Subway tunnel, Potsdamer Platz 1, Berlin Opening remarks: Walter Momper, Former Governing Mayor of Berlin Saturday, 29 March :00 Meeting point for the bus shuttle: Maritim Hotel Foyer 09:30 11:00 Visit of temporary historical museum BlackBox Kalter Krieg and the Panometer DIE MAUER, performed by Yadegar Asisi near by the place Checkpoint Charly 11:00 11:30 Walk through the new East Berlin City-Center from Friedrichstraße to Gendarmenmarkt 11:30 13:00 Lunch 13:00 14:00 City tour with Velotaxis this unique tour by bike taxi takes you from the gendarmenmarkt to the Wittenbergplatz (Kurfürstendamm / Tauentzien) via the Tiergarten 14:00 17:30 Visit the KaDeWe A brief introduction to the famous department store followed by some time to explore 19:00 19:15 SAXO Bank Apero, Maritim Hotel 19:15 Gala Dinner Maritim Hotel Room: Saal Maritim
8 15 Exhibition 16 Main entrance Ground Floor Galerie F1 3 Maritim Foyer Hall F2 F3 EXHIBITION 1. ground floor 1. lch Clearnet, London 2. danske Bank Markets, Kopenhagen 3. thomson Reuters, London 4. seb, Stockholm 5. eurex Repo, 6. ICAP/EBS, London 7. Commerzbank AG, T, 2. Galerie 14. CLS, London 15. BNP Paribas, London 16. ft-consult, München Asset Control, London 17. Bloomberg, London 18. Berlin Hyp, Berlin 19. Digitec, Hamburg 20. e-mid, Milano 21. Market Factory, New York 22. Deka Bank, dekabank.com 9. dealhub, London 10. Société Générale 11. ADS Securities, Abu Dhabi 12. Flextrade, London 13. Luxembourg for Finance, Luxembourg 3. maritim foyer hall F1. ACI International F2. Interarab Cambist Ass. F3. School of Finance
9 17 City Map 18 CITY MAP HOtels and u3 City map and routes of main Congress Hotels to Congress Venue Maritim Hotel and U3 Eventlocation. Berliner Philharmonie Potsdamer Straße U3 Potsdamer Platz Sigismundstraße Stresemannstraße Grand Hotel Esplanade Reichpietschufer Schöneberger Ufer Maritim Hotel Berlin Gabriele-Tergit-Promenade Lützowstraße Kluckstraße Scandic Potsdamer Straße
10 19 Brilliant Sponsors 20 Brilliant SPONSOR Brilliant SPONSOR 360T Treasury Systems 360T is the leading global provider of web-based trading technology. This best-in-class trading technology enables clients to trade OTC financial instruments, particularly foreign exchange (FX) and short term money market products, as well as FX and interest rate derivatives. 360T is a global multi-bank portal with an entirely market-neutral ownership structure creating value for market taker organizations using 360T s SaaS setup. 360T s multi-bank/multi-asset platform serves the needs of corporate treasurers, institutional asset managers, hedge funds, private banks and custodians by providing deep liquidity from more than 125 global and regional maker banks. The network is used by over 1200 client organizations worldwide. The company offers also a professional white-label trading technology for electronic trading services to a closed group of users on a proprietary branded platform. 360T has a global presence with customers in more than 60 countries and offices in America, the Asia-Pacific, India and the Middle East. The company is based in, Germany where it was founded in Commerzbank AG Commerzbank AG Corporates & Markets (C&M) is the integrated Corporate and Investment Banking division of Commerzbank AG, providing corporate and institutional clients with a comprehensive range of commercial and investment banking products. Corporates & Markets is globally active with its main offices in, London, New York, Hong Kong and Singapore. Commerzbank AG is a leading bank in Germany and Poland. It is also present worldwide in all major markets for its customers as a partner to the business world. With the business areas Private Customers, Mittelstandsbank, Corporates & Markets and Central & Eastern Europe, it offers its private and corporate clients as well as institutional investors the banking and capital market services they need. With some 1,200 branches Commerzbank AG has one of the densest branch networks among German private banks. In total, Commerzbank AG boasts nearly 15 million private customers, as well as 1 million business and corporate clients. In 2012, it generated revenues of just under EUR 10 billion with approximately 56,000 employees on average.
11 21 Platin Sponsors 22 PLAtin SPONSORS Danske Bank Markets Danske Bank Markets is a leading provider of financial services in the Nordic region. Our financial markets operations cover equities, debt capital markets, fixed income, foreign exchange, money and commodities markets. By focusing on clients with complex needs, we leverage our core strengths and invest in building long-term partnerships with our clients. With a proven track record of putting the client first, we are dynamic and solutions-oriented, working across asset classes and across borders, creating tailor-made solutions through expert advisory services and an extensive product palette. With research publications ranging from company-specific to covering the Nordic, European and global macro economies, we provide in-depth coverage to suit all our clients portfolio needs. Bringing global expertise to Nordic clients and Nordic expertise to global clients, building on a strong euro platform, we have offices located around the globe to service our clients wherever, whenever. Eurex Repo GmbH As part of Eurex Group, Eurex Repo is the leading provider for international financing in the secured money market business (repo and securities lending). Its highly liquid marketplace combines state-of-the-art electronic trading, with the efficiency and safety of clearing as well as standardized collateral management and settlement for secured funding and financing transactions - and is continuously growing. A wide range of international fixed income securities and equities can be traded in CHF, EUR, GBP, USD, CAD and JPY within the General Collateral (GC) and Special Repo segments. ICAP/EBS ICAP s award-winning EBS business is at the heart of electronic spot FX trading and remains the core source of genuine, executable spot FX liquidity and independent benchmark pricing for professional trading counterparties in all market conditions. EBS s platforms deliver reliable, efficient and effective access to spot FX, precious metals and NDF traders globally, in both established and emerging markets, offering optimal price discovery and execution, and support a wide range of FX trading strategies, as well as API and manual trading.
12 23 Platin Sponsors 24 PLAtin SPONSORS LCH.Clearnet SwapClear is LCH.Clearnet Ltd and LCH.Clearnet LLC s market leading interest rate clearing service. Our comprehensive offering which we re continuously expanding and optimizing allows market participants to fully comply with mandated clearing requirements in multiple jurisdictions around the world. As the market leader in interest rate swaps clearing, SwapClear offers clients 14 years OTC experience within a risk management framework that s second to none. We provide one of the broadest ranges of OTC interest rate swap products in the marketplace, covering 95% of the plain vanilla market. In addition, we clear over 80%* of all cleared buy-side interest rate swaps. (*Estimated market share based on aggregate client notional cleared as of Dec. 2013) Thomson Reuters Thomson Reuters is the world s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. SEB SEB is the leading corporate and investment bank in the Nordic countries, serving large corporations, financial institutions, banks and commercial real estate clients with corporate banking, trading and capital markets and global transaction services. The international nature of SEB s business is reflected in its presence in some 20 countries worldwide. SEB serves more than 4 million customers and has around 16,500 employees.
13 25 Gold Sponsors 26 gold SPONSORs ADS Securities Abu Dhabi-based ADS Securities provides sophisticated forex, bullion and commodities trading solutions to institutional and professional investors. Institutional clients include banks, global and regional hedge funds, asset managers, investment banks and non-bank financial institutions. These are equally split between Europe, the Middle East and Asia. Professional clients range from individual private traders through to experienced business people managing both personal and family assets. ADS Securities is one of the world s fastest growing trading platforms offering, which offers: Execution we are continually investing in our technology in order to provide you with the fastest execution Price our access to deep liquidity is reflected in some of the best process anywhere in the world Support we offer 24/6 support and 24/5 trading Regulated by the Central Bank of the UAE, ADS Securities is a very well capitalized company. The financial strength of the company has allowed on-going investment in technology; access to tier one liquidity providers and the provision of a very high level of client support. BNP PARIBAS BNP Paribas has a presence in nearly 80 countries with 190,000 employees, including 145,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific. CLS Group CLS enhances financial stability through the mitigation of FX settlement risk globally, playing a fundamental role in the FX market. It operates the largest multi-currency cash settlement system to mitigate settlement risk for the FX transactions of its Members and their customers. Launched in 2002, CLS settles payment instructions relating to underlying FX transactions in the following 17 currencies: US Dollar, Euro, UK Pound, Japanese Yen, Swiss Franc, Canadian Dollar, Australian Dollar, Swedish Krona, Danish Krone, Norwegian Krone, Singapore Dollar, Hong Kong Dollar, New Zealand Dollar, Korean Won, South African Rand, Israeli Shekel and Mexican Peso. Please turn the page è
14 27 Gold Sponsors 28 gold SPONSORS è CLS Group In July 2012, the US Financial Stability Oversight Council designated CLS as a systemically important Financial Market Utility. CLS settled an average daily volume of 1.46 million instructions with an average daily value of US$5.58 trillion in June CLS mitigates FX settlement risk by using a unique combination of payment-versus-payment settlement in central bank funds, multilateral payment netting and a standard legal framework, supported by a robust and resilient infrastructure. In addition, CLS Aggregation Services LLC, a joint venture between CLS Bank International (51% owner) and Traiana, Inc. (49% owner), an ICAP company, provides an aggregation service for spot FX transactions. Owned by 74 of the world s leading financial institutions, CLS Group Holdings AG is the parent company of the CLS Group of companies, including CLS Bank International. CLS and the CLS logo are registered trademarks of CLS UK Intermediate Holdings Ltd. DealHub DealHub provides connectivity, trading, trade processing and business intelligence solutions to global financial markets, including all of the world s largest FX banks. With solutions that encompass the complete trading lifecycle from liquidity sourcing, through price distribution and ecommerce workflows, to STP, trade monitoring and processing, regulatory reporting and compliance archiving, DealHub supports front, middle and back office workflows across all business functions, including interbank trading, prime brokerage and ecommerce. Proven in the most demanding trading environments, DealHub s low latency, high throughput solutions combine the widest range of pre-built connectivity with highly flexible business logic, configurable to support your precise requirements. Deka Bank DekaBank is a securities solutions, products and service provider. It supports its shareholders, the German savings banks, by providing all the asset management and banking services required in securities business to cover investment portfolio management and advice. Fund assets managed totalling approximately 177bn (according to the BVI statistics as at the end of June 2013) and around four million securities accounts managed as well as Group locations in Luxembourg and Switzerland make Deka one of Germany s biggest investment fund providers. DekaBank is firmly anchored within the Sparkassen- Finanzgruppe and has geared its portfolio of products and services to the securities business requirements of its shareholders and sales partners. The Markets division provides capital markets products and solutions. DekaBank offers a large variety of products, solutions and services, ranging from Derivatives, Fixed Income Products, Repo s, Security Lending and Money Markets to Structured Solutions. Capital Markets acts as a liquidity hub for savings banks and provides the savings banks with access to trading infrastructure like Clearing for Derivatives or Execution support. Flextrade Founded in 1996, FlexTrade Systems Inc. is the industry pioneer and global leader broker-neutral execution and order management trading platforms for equities, foreign exchange and listed derivatives. With offices in Europe, North America and Asia, FlexTrade has a worldwide client base spanning more than 175 buy- and sell-side firms, including many of the largest investment banks, hedge funds, asset managers, commodity trading advisors and institutional brokers.
15 29 Gold & Silver Sponsors 30 gold SPONSORS SilVer SPONSORS MarketFactory There are many FX market venues, but there is only one MarketFactory. MarketFactory removes the complexities and costs of connecting to the foreign exchange market, helping banks, funds and brokers maximise their trading potential. MarketFactory provides an ultra low latency cloud that optimizes access to over 50 FX liquidity pools for trade execution and pricing data. Clients can quickly connect to the platform and start trading via MarketFactory s own web based application, via the Market- Factory API, or via a host of third party capital markets software vendors that choose MarketFactory as their preferred FX market access technology provider. Asset Control Asset Control helps banks and asset managers get high-quality financial data to the people and applications that need it. On time, all the time. Our systems and services underpin portfolio valuation, risk management and regulatory reporting in many of the world s leading financial institutions. With highly automated and fully auditable workflows we manage market and reference data with unequalled efficiency, transparency and integrity. With our solutions we make it possible for buy-side and sellside firms to control costs and achieve the highest standards of data governance. Berliner Volksbank Berlin Hyp Almost 150 years of experience in the field of professional real estate financing and our close relationship with the Sparkassen- Finanzgruppe (Savings Banks Finance Group) make us one of Germany s leading real estate and mortgage banks. We have extensive knowledge of real estate, provide a personal service, act flexible and are therefore an excellent address for investors who focus on quality and think innovatively. Please turn the page è
16 31 Silver Sponsors 32 SilVer SPONSORS è Berlin Hyp Clear structures and individual solutions enable us to work in a reliable, efficient and creative manner. We would like to become the preferred partner for the Sparkassen regarding everything related to commerical real estate financing, and in this way make our contribution to the success of the Savings Banks Finance Group. Bloomberg The founding vision in 1981 was to create an information services, news and media company that provides business and financial professionals with the tools and data they need on a single, all-inclusive platform. The success of Bloomberg is due to the constant innovation of our products, unrivalled dedication to customer service and the unique way in which we constantly adapt to an ever-changing marketplace. The Bloomberg Professional service is a powerful and flexible tool for financial professionals whatever their needs in cash and derivatives markets as diverse as equities, currencies, commodities, money markets, government and municipal securities, mortgages, indices, insurance and legal information. The Bloomberg Professional service seamlessly integrates the very best in real-time data, news and analytics. In addition, Bloomberg users benefit from on-demand multimedia content, extensive electronic trading capabilities and a superior communications platform. Bloomberg customers include influential decision makers in finance, business and government. Business and financial professionals recognize the Bloomberg Professional service as the definitive tool for achieving their goals because it offers unparalleled assistance and functionality on a single platform for a single price. Deutsche Bank Founded in Berlin in 1870 to support the internationalisation of the German economy, Deutsche Bank is now one of the most global banks in the world, with offices in more than 70 countries, employees from more than 130 nations and a truly international top management team. Deutsche Bank aspires to be the leading client-centric global universal bank. Through its four business divisions, Corporate Banking & Securities, Global Transaction Banking, Private & Business Clients and Deutsche Asset & Wealth Management, Deutsche Bank generates substantial revenue streams from all the major regions of the world and serves private clients, SMEs, major corporations and institutional clients both in Germany and abroad. Deutsche Bank is convinced that by achieving economic success and being internationally competitive, it creates added value, not only for its shareholders, clients and staff, but also for society as a whole. In so doing, it operates in accordance with strict ecological and social standards, thus combining its performance culture with a universal culture of responsibility. Digitec DIGITEC is the leading provider of software solutions for the professional trading room for many years. The D-3 Pricing System for FX/MM offers outstanding features and performance and can be found at 30 of the global Top-50 trading banks. DIGITEC s latest product DeaLane is a powerful back office solution, ready for high volumes and based on latest technology. It offers industry standard XML-interfaces, full SWIFT support and comfortable functions like netting, counterparty fusion, payment splitting and much more.
17 33 Silver Sponsors 34 SilVer SPONSORS DKB Deutsche Kreditbank AG (DKB) is based in Berlin and strategically focused on business customers from a variety of sectors. These include real estate, health economy, education and research, renewable energy and agriculture. DKB has years of experience partnering German businesses and local authorities. We offer our clients in these areas tailor-made investment products, account models and individualised finance solutions, as well as access to specialist advice in our branches. In retail banking, DKB s approximately 2.8 million customers make it one of Germany s largest direct banks. DKB customers can manage their everyday banking needs online and the customer service team is available 24 hours a day. DZ BANK DZ BANK is the fourth largest bank in Germany with total assets of EUR 400 billion and the central institution for more than 900 German cooperative banks (Volksbanken Raiffeisenbanken) and their 12,000 branch offices. Within the Volksbanken Raiffeisenbanken cooperative financial network, which is one of Germany s largest private-sector financial services organizations, the DZ BANK AG functions both as a central institution and as a corporate and investment bank. As a holding, DZ BANK coordinates the efforts of the cooperative sector s comprehensive range of specialized services in order to achieve synergies and grow market potential for the benefit of the local cooperative banks. The DZ BANK Group includes Bausparkasse Schwäbisch Hall, a building society, DG HYP Commercial Real Estate Finance, DZ PRIVATBANK, R+V Versicherung an insurance company, TeamBank consumer finance, Union Investment Group asset management, VR LEASING, and various other specialized institutions. è è DZ BANK Products/Services With its extensive financial products and services the DZ BANK Group supports the local cooperative banks in Retail Banking, Corporate Banking, Capital Markets and Transaction Banking. DZ BANK AG is the central institution in the cooperative financial network and serves more than 900 cooperative banks, by which it is majority owned. e-mid e-mid is increasing the range of products available in order to deliver the best service in a completely changed scenario and the increase of new regulations. The New MIC market gives the chance to hedge liquidity in excess which otherwise will be deposited in the ECB and thanks to the introduction of the ON maturity it gives the possibility to lend liquidity in total anonymity - without additional pledge of collateral, thus compensating the lack of opportunities on the unsecured market. With a single trading platform e-mid gives the possibility to diversify the transactions thanks to collateralized products, such as Repo and Triparty Repo. Among its challenges e-mid is working also for the connection to X-COM, the new Triparty Repo service of LSE group, and is ready for the negotiation of the Triparty with Euroclear and Clearstream. e-mid has just implemented the interface to the international CCP for the clearing of the derivatives products (e-mider) in compliance with the EMIR regulation. On e-mider market, beside Overnight Indexed Swap, also Interest Rate Swap is so available.
18 35 Silver Sponsors 36 SilVer SPONSORS School School of Finance & Management is a research-led business school, covering every aspect of business, management, banking and finance. In addition to its world ranked bachelor and master programmes, School also has an impressive portfolio of services. These range from Executive Education programmes and research projects to consultancy meaning that School acts as advisor, catalyst and educational partner to companies and organisations, to individuals embarking on new careers, and to experienced executives. As a centre of intellectual and practical activity, the business school formulates forward-thinking solutions for the business world in finance and management, where agendas and issues are constantly changing. HSBC IBB Investitionsbank Berlin (IBB) is the business development and promotional bank of the Federal State of Berlin. With a wide range of products IBB is active in the areas of business development, regional infrastructure projects and public housing promotion. It supports small and medium-sized enterprises in Berlin developing targeted solutions for its clients with loan products, equity stakes and financial advisory. IBB raises the bulk of its lending resources on the national and international capital markets through bond issues and promissory notes. FT Consult For more than 15 years ft consult has been providing specialised consultancy services and project management to the financial markets industry. By combining profound business expertise with detailed up-to-date IT knowledge ft consult enables its clients and customers to achieve their ambitious project objectives. ft consult has established itself as a reliable partner in the dynamically changing world of financial markets based on ft consult s deep understanding of Market Data, Risk Management, Regulatory and financial applications.
19 37 Silver Sponsors 38 SilVer SPONSORS Landesbank Berlin Landesbank Berlin (LBB) is fully owned by German savings banks. It has strong positions in Retail Banking and Regional Corporate Banking in the Berlin area and is Germany s largest issuer of fee-charging credit cards. Via LBB s subsidiary Berlin Hyp the bank is also one of Germany s biggest real estate financing providers. Furthermore LBB also offers a wide range of services for German savings banks through its subsidiaries. The core of the bank s business is Berliner Sparkasse which is LBB s broadly visible brand in Berlin under which the Retail Banking and the Regional Corporate Banking are already operating. Over the coming years LBB will be transformed into the savings bank for the German capital fully focused on regional customer business and active for the common welfare in Berlin. Saxo Bank Saxo Bank is headquartered in Denmark with offices in 25 countries. We are a fully licensed and regulated European Bank specialising in online trading and investment. Our clients enjoy one of the world s best online trading platforms with 30,000+ instruments to trade and deposit in 22 currencies. We offer clients very high levels of expertise and security. This is why the average deposit of our retail clients are among the largest in the industry: SaxoTrader, SaxoWebTrader and SaxoMobileTrader. Luxembourg for Finance Luxembourg for Finance (LFF) is the Agency for the Development of the Financial Centre. It is a public-private partnership between the Luxembourg Government and private actors of the financial sector, under the Presidency of the Minister of Finance. Founded in 2008, its objective is to promote the expertise and diversification of Luxembourg financial services abroad through different communication channels. Luxembourg is the premier wealth management centre in the Eurozone for international clients and the second largest investment fund centre in the world. Due to its innovative approach and international orientation, the Luxembourg financial centre is a stable hub for private and institutional investors from all over the world. Société Générale At the core of Societe Generale s universal banking business model, the Corporate & Investment Bank is a well-diversified and leading player with nearly 10,000 professionals present in 34 countries across Europe, the Americas and Asia-Pacific. Standing by its clients across sectors, the Corporate & Investment Bank tailors solutions for them by capitalising on its worldwide expertise in investment banking, global finance, and global markets. For corporates, financial institutions and public sector: providing a global advisory approach (M&A, debt, equity transaction, capital structure, and asset & liability management), as well as quality capital raising solutions across the debt and equity spectrum, optimised financing and expert risk management responses notably in the realm of foreign exchange and rates derivatives. For investors: offering reliable and sound investment opportunities and risk management solutions through its integrated global markets platform delivering seamless access to markets (equity, rates, credit, currencies, commodities and derivatives), as well as advice and solid financial engineering, quality of execution and forward-looking research across asset classes.
20 39 Silver Sponsors 40 SilVer SPONSORS Steria Mummert Consulting Steria Mummert Consulting GmbH delivers IT enabled business services and is the Trusted Transformation partner for private and public sector organisations. By combining in depth understanding of our clients businesses with expertise in IT and business process outsourcing, we take on our clients challenges and develop innovative solutions to address them efficiently and profitably. Through our highly collaborative consulting style, we work with our clients to transform their business, enabling them to focus on what they do best. 20,000 Steria employees, working across 16 countries, support the systems, services and processes that make today s world turn, touching the lives of millions around the globe each day. Steria Liquidity Suite is an integrated solution for liquidity- and collateral management developed by Steria: To achieve the cost-optimal control of foreign exchange and Euro funds, Steria Liquidity Suite offers a complete solution for integrated liquidity management To provide functions for efficient organisation and sustainable optimisation of centralised collateral management processes UBS UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. Its business strategy is centered on its pre-eminent global wealth management businesses and its universal bank in Switzerland. Together with a client-focused Investment Bank and a strong, well-diversified Global Asset Management business, UBS will expand its premier wealth management franchise and drive further growth across the Group. è è UBS UBS Investment Bank provides corporate, institutional, and wealth management clients with expert advice, innovative financial solutions, outstanding execution and comprehensive access to the world s capital markets. It offers investment banking and capital markets, research, equities, foreign exchange, precious metals and tailored fixed income services in rates and credit through its two business units, Corporate Client Solutions and Investor Client Services. The Investment Bank is an active participant in capital markets flow activities, including sales, trading and market-making across a range of securities. WGZ Bank WGZ BANK has been the central institution to what are now 200 local cooperative banks in Germany s Rhineland and Westphalia regions since It also has a tradition as a partner to small and medium-sized enterprises in the Rhineland and Westphalia regions and offers tailored financial services to its corporate customers. For capital market partners (banks, institutional customers, major corporate customers), WGZ BANK is a service provider in the trading of cash deposits, foreign exchange, and derivatives, and also takes an active part in the business of issuing securities and undertaking syndicated transactions. In addition, WGZ BANK acts as a bridge to the international markets for its local cooperative banks.
the foundations of change Aareal Bank Group Annual Report 2012 Key group Figures our business model: two strong pillars 01 Jan - 01 Jan - Change 31 Dec 2012 31 Dec 2011 Income Statement Operating profit
CMC Markets plc Annual Report and Financial Statements For the year ended 31 March 2013 Contents At a glance 4 Highlights 4 CEO review 5 What we do 6 Business review 14 Strategy 14 Operating and financial
Our Commitment to Technological Innovation 10 Years of Dedication August 2002 GFI is voted Innovator of the Year by Commodities Now for the introduction of its trading platform EnSpace. 02 April 2001 GFI
GET THERE FASTER ANNUAL REPORT 2007 January 1 to December 31, 2007 ACHIEVEMENTS 2 Successful acquisitions 29% Rise in revenue compared to 2006 22 Applications for patent registration for webmethods 1.7
Asset Management Luxembourg, your location of choice Seizing opportunities in Luxembourg This publication is exclusively designed for the general information of readers only and does not constitute professional
Annual Report 2013 ABN AMRO Group N.V. Notes to the reader Introduction This is the Annual Report for the year 2013 of ABN AMRO, which consists of ABN AMRO Group N.V. and its consolidated subsidiaries.
Annual Report 2006 Our identity // Our identity We are a leading global investment bank with a strong and profitable private clients franchise. Our businesses are mutually reinforcing. A leader in Germany
NEMEA BANK ANNUAL REPORT 2012 I NEMEA BANK ANNUAL REPORT 2012 I NEMEA BANK IN A FEW WORDS - Nemea s planned spearhead product is the revolutionary nip the Nemea Instant Payment, enabling transfer of money
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER
GLOBAL MARKET LEADER IN chemical distribution Annual Report 2010 KEY FINANCIAL FIGURES AT A GLANCE Consolidated Income statement 2010 2009 Change Sales EUR m 7,649.1 6,364.6 20.2% Gross profit EUR m 1,636.4
Telefónica Deutschland Interim Group Report 1 January to 31 March 2 0 1 5 Building the leading digital Telco Portrait of Telefónica Deutschland_ 2 Portrait of Telefónica Deutschland_ Thorsten Dirks (CEO),
Imagine the result CLIENT FOCUS AnnuAl RepoRt 2011 Imagine the result Our mission is to improve quality of life around the world by creating places of distinction and providing sustainable solutions that
SPRING, 2014 A BRIGHT FUTURE AHEAD Grown up more than the country s economy last year, the Turkish real estate market will not lose its appeal thanks to great positive developments. Aziz Torun Chairman,
Annual Report 2006 Changes Contents Changes 01 Letter to the Shareholders 02 Report of the Supervisory Board 04 Our Strategy 12 GFT International 16 Our Staff 24 Innovation and Development 32 GFT Share
Financial Report 2012 Financial Report 2012 Delivering in a changed environment Deutsche Bank Financial Report 2012 Deutsche Bank The Group at a glance 2012 2011 Share price at period end 32.95 29.44 Share