Deutsche Bank announced that it raised US$4 million for Haiti disaster relief by donating the equity trading commissions it earned last Friday.

The firm pledged to donate 100% of the day’s net U.S. agency equity trading commissions to the cause. The bank said that the initiative attracted strong support from its clients. The funds raised will directly support immediate relief activities and long-term rebuilding efforts for the people of Haiti.

“We are extremely gratified to partner with our clients to address the urgent needs of the Haitian people,” said Robert Karofsky, Deutsche Bank’s co-head of Global Markets Equity.

In addition to the funds raised through the trading commissions, Deutsche Bank also is offering unlimited, expedited matching gifts to U.S. employees.

The bank said that it is partnering with AmeriCares, Doctors Without Borders, Oxfam America and Partners in Health to channel its emergency funds.

In addition to supporting immediate disaster relief, a portion of the resources will be deployed over the coming year by the Deutsche Bank Americas Foundation to help Haiti with longer-term rebuilding strategies, it added, to: rebuild housing, restore communities, restart businesses, create jobs and piece together health care and sanitary services.

IE