Deutsche Bank's sophisticated custody business in Jersey and Guernsey has been recognised for the third consecutive year at the Custody Risk European Awards, which were held in London last week.  

The Bank was awarded the accolade of ‘Channel Islands Custodian of the Year 2014’ at the Custody Risk European Awards 2014 ceremony which took place Tuesday 11th November at the Jumeirah Carlton Tower, London, with the award being presented to Lisa Haggarty, Head of Custody and Fund Solutions for Deutsche Bank Channel Islands.

Now in their eleventh year, the Custody Risk European Awards are organised by the Incisive Media Group and aim to identify the best companies in custody, fund administration and technology across Europe. They are recognised as one of the most prestigious awards in the securities servicing industry.

Selected for the award by a highly experienced independent judging panel, Deutsche Bank's custody business has been established for 42 years in the Channel Islands and caters for institutional clients, including regulated funds, and private individuals.

Mark Osment, Director, Financial Intermediaries, Deutsche Bank Channel Islands, said:

“This is a fantastic endorsement of the strength of our custody offering, In the current, challenging regulatory and economic environment, clients need the confidence to know they are supported by a strong and innovative custodian. The continuing growth we're seeing in our Channel Islands custody business  is confirmation that our offering is well aligned to the needs of our clients."

Andreas Tautscher, Global Head of Financial Intermediaries and Chief Country Officer for the Channel Islands, added:

“The fact that this is the third year in succession that we have received this award is testament to the professionalism of our teams in the Channel Islands. The collaborative approach, right from successful on-boarding of clients through to excellent service delivery and access to innovative automated services, is a real reflection of Deutsche Bank's values and beliefs in action, and the Channel Islands team deserves congratulations for their success.”