TKGI FINANCE

America's Top 20 Bank Holding Companies

Taunus Corporation



Background of Taunus Corporation

Previously in the top 20, Taunus Corporation dropped out of the FFIEC's list of top 50 US Bank Holding Companies in their March 31, 2012 update.

Any reference to Taunus Corporation must start with its parent bank, Deutsche Bank AG.

Summary History of Deutsche Bank AG

Deutsche Bank AG was started in 1870 with just 15 million marks. It had acquired many other banks by 1929. The Federal Republic of Germany divided the country into three banking divisions in 1952. Faced with the necessity of covering three banking regions, Deutsche Bank divided into the Northern, the Western and the Southern Deutsche Bank. It merged again into a single bank in 1957. By 1972, the Deutsche Bank had a capital of 640 million marks and had become a global bank.

Headquartered in Frankfurt at the Deutsche Bank Twin Towers, the bank now employs over 100,000 people in over 70 countries. Its variety of services includes dealing in foreign exchange and it ranked as the largest one by 2009. It handles trading, mergers, fund and wealth management for clients that are both private customers and businesses.

History of Taunus Corporation

Deutsche Bank AG opened a branch in New York in 1979 that became the first NY branch. Taunus Corporation did not come into existence until 1999. Incorporated in Delaware, it is a holding company that operates as a subsidiary of Deutsche Bank AG with two major subsidiaries of its own:

  • Deutsche Bank Trust Company Americas (DBTCA)
  • Deutsche Bank Securities Inc.

Taunus provides a wide range of financial services and is especially noted for its wealth management and investment services. The corporate web site, www.db.com, reports that Taunus "has now over 11,000 employees in 28 states and 90 cities the U.S. ... and is one of the largest foreign-based employers in New York City."

The web site also reports that the Markets Business Division includes sales, trading and structuring of a wide range of financial market products, such as:

  • Bonds
  • Equities and equity-linked products
  • Exchange-traded and over-the-counter derivatives
  • Foreign exchange
  • Money market instruments
  • Securitized instruments
  • Commodities

Deutsche Bank Securities Inc. also includes advisory activities, such as:

Deutsche Bank Securities, Inc. has almost $6.4 billion assets under their management as reported by Investment Advisors web site

Headquarters of Taunus Corporation

60 Wall Street
New York, NY 10005
United States

The headquarters are unique as it is the only investment bank located on Wall Street.

Other Locations:

1. California
Private and Business Clients
300 South Grand Avenue
40th Floor
Los Angeles, CA 90071-3151

2. Connecticut
Private Wealth Management
One Pickwick Plaza
Greenwich, CT 06830

3. District of Columbia
Corporate Clients
The Executive Tower
1399 New York Avenue, N.W.
Suite 500
Washington, DC 20005

Locations in other states include Florida, Georgia, Illinois, Massachusetts, Maryland, Missouri, Mississippi, North Carolina, New Jersey, New York, Pennsylvania, Tennessee, Texas and Washington.

Strategy and Appeal of Taunus Corporation

Taunus Corporation has followed its parent by locating in major metropolitan areas to facilitate serving the businesses and private clients whose wealth requires expert management. The worldwide reach of this corporation and the ability to serve customers whose demands are geared to large portfolios makes this an attractive holding company with which to do business.

The fact that Deutsche Bank is active in emerging markets is also attractive to customers with diversified portfolios. The concern of Taunus and its parent Deutsche Bank for the environment is also a drawing card. During the refurbishing of their skyscraper from 2007 to 2010, they achieved Leadership in Energy and Environmental Design - LEED - Platinum certification. Maintaining the level of wealth they have achieved while keeping a concern for the environment challenges people to trade with them.