The move follows the decision by the Securities and Futures Commission of Taiwan to award Deutsche a securities brokerage license.
“Deutsche Bank’s decision to apply for these licenses and establish a fully owned branch underscores the importance of the Taiwan market to the bank,” says T C Lee, Deutsche Bank’s chief country officer for Taiwan.
Ed Peter, Deutsche Bank's head of equities, Asia (ex-Japan), said the establishment of DSAL as a securities broker is "a major step towards building a comprehensive line of businesses in Taiwan".
DSAL is a branch of Deutsche Securities Asia, a wholly owned subsidiary of Deutsche Bank AG incorporated on Hong Kong.
