THE Deutsche Bank is not only Germany's leading financial institution, but one of the largest in the world. As would be expected of such a world player, the Deutsche Bank has a significant and impressive presence in Hong Kong, which forms one of its biggest operational hubs in the Asia region. Throughout the Asia-Pacific region, the bank has more than 70 offices in 17 countries with a staff of more than 3,000. In Hong Kong, the bank employs more than 400 people. The Deutsche Bank has been in Hong Kong since 1958, but it was not until 1987 that the Hong Kong operation took the name Deutsche Bank. From 1958 until 1971, Deutsche Bank had a 50 per cent share in the Deutsche Asiatic Bank. In the 1970s, it held one-seventh of the equity in the European Asian Bank before buying out the other shareholders to eventually emerge in Asia as Deutsche Bank. Dr Norbert Wanninger, the general manager of Deutsche Bank Hong Kong, said: 'After the loss of everything during the world wars, there was a reluctance to rush to set up overseas at first. 'During this period, we relied primarily on correspondence banking. Then we moved into partnerships and, in my view, Deutsche Bank was a latecomer to the international field for this reason.' Even if the Deutsche Bank was late on the international scene, it now has a business portfolio that is the envy of many competitors. With a worldwide net income last year of US$1.29 billion, the bank is well placed to meet the needs of the fast-paced and ever-changing world of personal and business banking in Hong Kong and Asia. Deutsche Bank's two main entities in Asia are its personal and commercial banking operation and its investment banking arm. The bank prides itself on providing excellent service to personal clients, tailoring facilities to meet individual needs and risk preferences of customers. Many of Deutsche Bank's products and services, including its investment banking services, are offered through subsidiary companies and affiliates. Bain and Co Ltd, Deutsche Bank (Asia-Pacific) Ltd, Deutsche Bank Capital Markets (Asia) Ltd, and Roland Berger and Partner Ltd all fall under the Deutsche Bank umbrella. Since 1990, Morgan Grenfell, which has vast experience in merchant and investment banking, has also been a part of the group. Any services not provided locally by Deutsche Bank are available through its advanced telecommunications, computer technology and co-ordinated business system which link all the members of the group. The bank has also developed a state-of-the-art electronic banking system, 'db-direct', which provides clients with easy access to their account information and to services offered by the bank. Deutsche Bank points to the size of its Asia-Pacific operation as proof of its commitment to the region. and the companies it serves within that area.