Deutsche Bank was selected as the 2006 winner of the Award for Excellence in Foreign Investment, sponsored by Alfa-Bank and the Lauder Institute of Management and International Studies, of the University of Pennsylvania. This award honors a foreign firm that is conducting business successfully in Russia, while at the same time contributing to a broader improvement of Russia’s business culture and society as a whole.
Alfa-Bank President Peter Aven presented the Award at a dinner organized by Alfa-Bank and the Association of European Business in Russia and attended by over 200 prominent business, political, government and media leaders. The Keynote Address was delivered by the former Foreign Minister and Vice Chancellor of Germany Mr. Joschka FisÓher.
In announcing the Award Mr Aven noticed: “Deutsche Bank ranks among the global leaders in financial industry. This year Deutsche Bank celebrates its 125th anniversary of doing business in Russia. The Bank has become one of the largest foreign banks in our country. Deutsche Bank has demonstrated a long-term strategic interests in Russia, and it continues to be a leader in the areas of investments in social projects, management training, and commitment to the local market.”
Mr. Peter Tils, CEO Central and Eastern Europe, Deutsche Bank AG, accepted the Award for Deutsche Bank.
Deutsche Bank Ltd. (Deutsche Bank Moscow), a wholly-owned subsidiary of Deutsche Bank AG was established in April 1998. In 2006 Deutsche Bank finalized 100% acquisition of United Financial Group (UFG), one of the leading investment companies in the Russian market. Deutsche Bank is a member of Foreign Investment Advisory Council under the Government of the Russian Federation, Association of Russian Banks, Association of German Economy in and Association of European Business in RF, the Expert Committee of Banking Audit under the patronage of the Central Bank of Russia and Association of Investors Rights Protection. Deutsche Bank Moscow is an active organizer and participant of numerous significant cultural events, connected to Russian and German history. Deutsche Bank is a partner of the most prominent cultural institutions in Russia: The Kremlin Museums, The State Tretyakov Gallery, The Pushkin Museum of Fine Art, The State Hermitage Museum.
A distinguished jury appointed by Alfa-Bank and the Lauder Institute presents the Award. Jury members for the 2005 Award are: Peter Aven (President of Alfa-Bank), Richard Burt (Former US Ambassador to Germany), Yegor Gaidar (Director, Institute for the Economy in Transition), Richard Herring (Director of the Lauder Institute), Shiv Khemka (Board of Governors, Lauder Institute), Bernie Sucher (Chairman, Alfa Capital).
Past Winners: 2003 — Procter & Gamble, 2004 — Nestlé, 2005 — United Technologies Corporation.