Deutsche Bank's Craigs tie-up leaves footprint in NZ after exit of securities trading arm, Infinz says

Fri, 30 Oct 2015

Oct. 30 (BusinessDesk) - Deutsche Bank's announcement that it will close its New Zealand operations as part of global cut backs doesn't amount to a complete withdrawal from the market because of its interest in Craigs Investment Partners and its ability to serve local clients from Australia, says the Institute of Finance Professionals New Zealand (Infinz). About 29 local staff are affected by the German bank's cost cutting measures, which will see it exit from 10 countries and cut about 26,000 jobs worldwide. Deutsche's global co-chief execu...

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