The bank also to support AXA's migration to the SEPA
Deutsche Bank has been appointed as a pan-European cash management bank for AXA, a global insurance company.
Emmanuel de Resseguier, head of global transaction banking in France at Deutsche Bank, said: “We are pleased that our consultative approach over the last years has demonstrated Deutsche Bank’s outstanding capabilities in the field of cash management in the French and European markets, ultimately leading to Deutsche Bank’s selection as AXA’s pan-European cash management provider. We are also proud that AXA relies on us to support their migration to the Single Euro Payments Area (SEPA), with a particular focus on SEPA Direct Debit.”
Jean-Paul Duval, treasury, AXA France, said: “We selected Deutsche Bank because of its ongoing investment in its platform and its growing leadership in the payments area. The Bank’s cross-border capabilities and its integrated approach across businesses as well as regions were decisive in our choice. In addition, we have built a strong relationship with the team in Paris that is our entry point to Deutsche Bank.”