Fred Wynn, left, Keith Johnson, centre, and Stefano Finetti of Deutsche Bank. (Picture by Peter Frankland, 0669915)

DEUTSCHE BANK is now offering a full range of custody services in Guernsey.

Its full custody licence was granted by the Guernsey Financial Services Commission and allows the bank to provide a complete range of services from the island.

Andreas Tautscher, managing director of Deutsche Bank in the Channel Islands, said the offering had been in the pipeline for more than 12 months and would consolidate the bank’s position as a leading custodian in the European time zone while also making it one of the only truly global custodians in the Channel Islands.

Deutsche Bank has been offering a custody service for more than 25 years through its Jersey office, where it acts for assets valued at more than 12m. euros.

For the new Guernsey offering it has established a dedicated custody management team including Keith Johnson, head of custody solutions, and Fred Wynn, head of booking centre support.

They are supported by Stefano Finetti and his colleagues in the bank’s financial intermediaries team and by staff in Jersey, who can undertake relevant custody and operational procedures.