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Deutsche Bank Starts Gold Vault for 200 Tons in Singapore

Deutsche Bank AG started a gold storage facility at the Singapore FreePort with a capacity to hold as much as 200 metric tons, its largest vault outside London, the bank said.

Other locations are Zurich and Hong Kong, according to the bank, Germany’s top lender. The Singapore vault caters primarily for investors wanting to store bullion under the bank’s custody, said Mark Smallwood, head of wealth planning at the asset and wealth management unit in the Asia-Pacific region.