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KAS BANK and dwpbank to introduce new pan-European securites platform

• KAS BANK and dwpbank have established a partnership in principle to further develop the German, Netherlands and European securities services markets.
• dwpbank and KAS BANK will create a securities platform for the Dutch financial services sector, based on dwpbank’s technology and the securities services know how of KAS BANK; dwpbank plans to open a branch in Amsterdam by mid 2012
• KAS BANK and dwpbank will approach the institutional client base of dwpbank to offer Wholesale Value Added Services and jointly to further develop the German market

KAS BANK N.V. and Deutsche WertpapierService Bank AG (dwpbank) have reached agreement in principle on a partnership regarding retail and wholesale services. They have signed a Memorandum of Understanding (MoU). KAS BANK is market leader in the Netherlands in Wholesale Securities Services, dwpbank is market leader in Germany in Securities Services.