Deutsche Bank launch enhanced Cayman Captive Solutions

15 May 2007

Contact: Jean-Claude Emard, jean-claude.emard@db.com

Source: Deutsche Bank (Cayman) Limited

Location: Cayman Islands

Leading bank specialists from New York and Switzerland were in Cayman last week for the launch of Deutsche Bank’s enhanced service for the captive insurance market.

Already a leading provider of captive insurance solutions, Deutsche Bank signalled a renewed commitment to the captive market in the Cayman Islands at its launch event.

The event, at the Wharf Restaurant, was hosted by Jean-Claude Emard, Regional Country Head, Deutsche Bank (Cayman) Limited who introduced a series of specialist presentations. Mark Hirst, Chief Executive, Deutsche Bank Offshore Group, was also in Cayman for the event to reinforce the Bank’s willingness to invest in this key sector of Cayman’s finance industry. The senior bankers from Deutsche Bank Private Wealth Management who were in Cayman for the event included Kevin Carey, Managing Director of Fixed Income Management; Leonardo Reos, Vice President, Structured Products and John Marson, a Director, Private Wealth Management – Lending USA, to help provide a rounded picture of the Bank’s capabilities to this sector. Svein Floden, Vice President, Private Wealth Management Geneva, was also on the platform to explain how hedge-funds can add value to a captive’s investment portfolio.

Jean-Claude Emard commented: ‘Cayman has long been one of the leading jurisdictions for captive insurance and Deutsche Bank has been a provider of services for the captive industry here for many years also. However, it is important that we respond to a changing marketplace and evolve our products and service accordingly and so we are delighted to demonstrate our commitment to this important sector for Cayman with the launch of our enhanced offering today.’

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