OREANDA-NEWS. Deutsche Bank today announced that as part of the bank’s Strategy 2020 plan to rationalize its global footprint, it has entered into an agreement to sell its subsidiaries (Deutsche Bank Mexico, S.A. Institucion de Banca Multiple and Deutsche Securities, S.A. de C.V., Casa de Bolsa) in Mexico to InvestaBank S.A., Institución de Banca. Deutsche Bank will centralize its Mexican Global Markets and Corporate & Investment Banking coverage function in its global hubs.

“Only two months after announcing the sale of our Argentina subsidiary, we are pleased to mark another major milestone in simplifying our bank by selling our subsidiaries in Mexico as part of Strategy 2020,” said Karl von Rohr, Chief Administrative Officer at Deutsche Bank.

The bank is committed to serving its governmental, corporate and institutional clients in Mexico from global hubs and will continue to offer these clients the full range of investment banking products.