Deutsche Bank Outlines New Wealth Management Strategy, Growing Staff by 25%

[kreslik.news]

Deutsche Bank’s wealth management unit may be the key to any sustained rebound in H2 2017 and beyond. The lender has decided to go full force into the Middle East, targeting the region for a wealth management revival with an emphasis on Saudi Arabia. The new efforts will see the bank bolster its Middle East personnel, including a hiring tranche of private bankers.

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The strategic shift comes after a series of setbacks for the lender, which has resulted in Deutsche Bank losing some high-yield clients. Its wealth management unit’s invested assets incurred a ... (read more)