Bankers Trust Florida, N.A., Is Renamed Deutsche Bank Florida, N.A.Business Editors PALM BEACH, Fla.--(BUSINESS WIRE)--June 5, 2002 "Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank Private Banking" Name Officially Replaces "Bankers Trust Private Banking, Deutsche Bank Group" to Further Leverage Global Brand As part of a national re-branding, "Bankers Trust The Bankers Trust is a historic American banking organisation that was acquired by Deutsche Bank in 1998. It was originally set up when banks could not perform trust company services. Florida, N.A." announced today that the firm has been renamed "Deutsche Bank Florida, N.A." Also effective immediately, the brand name of Deutsche Bank's U.S. private banking business migrates from "Bankers Trust Private Banking, Deutsche Bank Group" to "Deutsche Bank Private Banking." Built upon a strong United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. heritage, the company founded its Palm Beach private banking office in 1979. By merging the global reach of the Deutsche Bank network and the local expertise of Palm Beach and Florida, the Palm Beach office continues to offer high-net-worth clients cutting edge financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. with a holistic, locally focused approach. Deutsche Bank began offering a comprehensive Wealth with Responsibility(TM) program in 1995, which helps clients develop a personal framework for making choices about the responsible use of wealth. The program addresses such issues as raising children amid wealth, family governance, strategic philanthropy philanthropy, the spirit of active goodwill toward others as demonstrated in efforts to promote their welfare. The term is often used interchangeably with charity. and socially responsible investing Socially responsible investing describes an investment strategy which combines the intentions to maximize both financial return and social good. In general, socially responsible investors favor corporate practices which are environmentally responsible, support workplace diversity, . Deutsche Bank Florida is also strongly involved in the Palm Beach community, participating in philanthropic phil·an·throp·ic also phil·an·throp·i·cal adj. 1. Of, relating to, or marked by philanthropy; humanitarian. 2. Organized to provide humanitarian or charitable assistance: organizations and encouraging staff members to volunteer within the community. "Our Palm Beach office has been serving clients throughout the Southeast for more than 20 years, and we will continue to provide our clients with strategic wealth management solutions that lead the industry," said J. Patterson Cooper, who remains president and chief executive officer of the new Florida entity. "As we celebrate being part of one of the world's premiere banking brands, we also are proud to acknowledge our heritage as one of America's foremost wealth managers." In the U.S., Deutsche Bank Private Banking is built on the nearly 100-year Bankers Trust tradition of meeting the financial needs of high-net-worth individuals, families and private foundations. "Our new name proclaims that we are a leading global private bank, able to provide our clients access to the worldwide financial expertise and resources of Deutsche Bank," Cooper said. "It signifies Deutsche Bank's commitment to strengthening its U.S. private banking presence." In addition to improving brand consistency globally, the name change builds upon Deutsche Bank's October listing on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and adoption of U.S. Generally Accepted Accounting Principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting to further strengthen its corporate identity in the U.S. About Deutsche Bank Private Banking Deutsche Bank Private Banking is one of the world's leading wealth managers, providing a wide range of capabilities that include global investment management, trust and estate services, wealth planning strategies, worldwide custody, global lending, family office services, alternative investments and structured solutions. Through a network of private banking centers in 39 countries, skilled professionals help high-net-worth clients around the world preserve and enhance their wealth. Deutsche Bank Private Banking understands that truly informed wealth management goes beyond the risks and rewards of investing. The U.S. private bank's pioneering Wealth with Responsibility(TM) program, now in its seventh year, continues to lead the industry in helping clients deal effectively with the many non-financial issues surrounding wealth. The program addresses a full spectrum of personal and interpersonal in·ter·per·son·al adj. 1. Of or relating to the interactions between individuals: interpersonal skills. 2. challenges, from determining what kind of legacy a family should work toward to resolving conflicts within family businesses and raising children amid wealth. Deutsche Bank Private Banking is part of Deutsche Bank (NYSE NYSE See: New York Stock Exchange :DB), which has Euro 1 trillion in assets as of December 31, 2001. In addition to private banking, Deutsche Bank ranks among the global leaders in asset management, capital markets, corporate finance, custody and cash management. |
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