Deutsche continues to rebuild securities services business

Securities lending is making a comeback at Deutsche Bank. When the bank completes its acquisition of Dresdner Agency Securities Lending, it will fill the hole in its securities services portfolio left after the sale of a majority of its asset servicing business to State Street earlier this decade. Roger Harrold, global head of domestic custody services at Deutsche, acknowledges that sec lending may be currently "out of fashion" but says the market will come back and that the bank is …