EUROPE - Kas Bank is planning to open a regional office in Germany in an effort to be closer to its German clients.
Following Kas Bank’s acquisition of Depotbank in Germany, the company is planning to expand its reach through the opening of a regional office.
The custodian has had direct links with Germany for a number of years, but following the demand and the potential pension fund clients in the region, the firm chose to opt for a permanent presence in the country.
Kas Bank has also finalised its direct links with Dubai and is in the process of laying down such a connection with the US.
The possibility of Kas Bank actually opening an office in the US will “depend on how the direct link works out,” said Kas Bank managing board chairman Albert Röell.
Röell explained the plan for the US link would not only allow European investors to cross over to the US, but also see the American market being able to access Kas Bank’s European platform and therefore trade across the continent.
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