Deutsche Bank is putting renewed emphasis on wealthy clients by hiring dozens of new private bankers and pouring 65 million euros into a digital push. One region is poised to benefit the most.
This publication can confirm that a senior figure at JP Morgan’s private bank in Hong Kong has left the US-headquartered bank after less than a year in the role.
Deutsche Bank AG is stepping up hiring for its Asian wealth-management business as part of a “multi-year” expansion to bolster a unit that has lost key executives and assets in recent years.
Bank of Singapore, which recently broke into the ranks of Asia’s top 10 private banks, intends to keep hiring more relationship managers and focus on serving a wealthier bracket of customers to keep expanding its assets under management.
Deutsche Bank Wealth Management has announced a range of new hires to support growth in the Asia region, including four members of a new group in Hong Kong who will cover clients in Greater China.
The acquisition of ABN Amro’s private banking units in Singapore and Hong Kong by Liechtenstein’s LGT seems to have gone through without much pain. For some senior ABN Amro bankers though it has meant no gain.
Regional Perspective
making the big picture clearer
Global Connection
We take your story further
Local Knowledge
Helping you to understand your own requirement
Specialists Sourcing Specialists