Deutsche Bank may increase number of Asia asset and wealth management staff

Deutsche Bank - External

Deutsche Bank said it may boost the number of its asset and wealth management staff in Asia by 5% to 10% this year as part of the lender’s revamped strategy to boost growth.

'We might do some bold moves to take Asia into the next growth phase', Ravi Raju, Asia-Pacific head of Deutsche Asset & Wealth Management, said in an interview in Hong Kong this week.

Relationship managers and compliance and technology staff may be added to more than 800 employees in the region as the lender focuses especially on China, India and Indonesia, he said.

Bloomberg News reports that wealth management is one of the few areas that Co-Chief Executive Officers Juergen Fitschen and Anshu Jain are expanding as part of the biggest strategic overhaul of their three-year tenure. 

To access the complete Bloomberg News article hit the link below:

Deutsche Bank Plans to Boost Asia Asset, Wealth Staff Up to 10%

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