Deutsche Bank Plans Trading Platform

Deutsche Bank is planning to set up a sales trading and research platform in Mumbai, which will help Indian technology companies to tap investments from outside.

"Our clients abroad don't have much knowledge about Indian companies which are doing good, so they depend on us for investment plans in the country. With the sales trading and research platform, the clients will have a good database about different Indian technology companies which are doing good and accordingly will invest," Alfred Elbrick, managing director, Deutsche Bank AG London, said.

Elbrick said that there are two main needs for setting up such a trading platform. As a global investment banking firm, India is an important centre in terms of investment and strategic location. It will be a great mistake if we have a presence in Asia without having a presence in India. For instance, if we come out with a report on HCL we cannot buy and sell shares of this company because these companies do not have an American depositary share. So, we need to have a platform to support our research and for us to benefit from it."

Secondly, "We have always been involved with companies in their private stage. And if you cannot be part of the domestic public issue syndicate then you have lost some momentum years for potential long-term plan. With the help of this trading and research platform we want to be with small companies at the first stage of their public life. Which is so important to go with them. Microsoft, Sun Microsystems, and many other such companies we did private placements for them before we took them public."

Apart from this Elbrick added that the platform will also be helpful both for Indian and overseas companies looking at investing in the country. "Good emerging companies such as Sasken Communications, Mindtree Consulting are not known much to companies abroad and thus with the database which will be provided by us it will help them to get good investments."