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Deutsche Axes Planned Mexico Assets Sale
Tom Burroughes
31 October 2018
Deutsche Bank’s plans to end an agreement to sell its Mexican assets to local bank “No impact on our wealth management business as we service our Latin America clients from New York, Miami, Geneva and Hamburg.” “Our main business in Mexico is our corporate trust business within our global transaction banking unit,” the spokesperson continued. “We have notified Accendo Banco that we are exercising our right to terminate the purchase agreement. We will continue to keep the best interests of our employees and clients in mind as we consider alternative options. Our commitment to serving our clients in Mexico through our global hubs remains unchanged,” the spokesperson added.