Deutsche Bank to Build London Gold Vault

Germany's Deutsche Bank says it has hired global security firm G4S to build and manage a new precious metals vault to be constructed in London.

"This is a key step in Deutsche Bank's on-going efforts to build our physical presence in commodities. We know that clients are looking to diversify where they place their physical holdings," Raymond Key, Global Head of Metals Trading at Deutsche Bank said in a joint statement with G4S.

(htStefanGajewski)