Finance & Economics

Popular German bank launches Private Bank

The bank is currently serving 3.4 million private, wealth, and commercial clients

Private Bank

Popular German bank launches Private Bank. Source: shutterstock.com

Deutsche Bank will combine its Wealth Management and Private & Commercial Business International units into a new International Private Bank.

Indeed, the new bank will bring together Wealth Management’s clients across Germany, Europe, the Americas, Asia and the Middle East and Africa, along with private clients and SMEs in Italy, Spain, Belgium, and India.

As a result, the business will have approximately 250 billion assets under management and a combined revenue of nearly 3 billion.

With the International Private Bank, we will create a truly global organization with a unique focus on serving entrepreneurial individuals and families with European connectivity as well as a personal banking powerhouse in major Eurozone markets. Combining our internationally focused Private Bank businesses will allow us to develop our market share within and across local markets. We will be able to provide greater access for private banking clients to our wealth management capabilities and to combine forces to offer superior digital services to our private, wealth, and commercial clients
Claudio de Sanctis, Global Head of Wealth Management

We’ve reported that Metro Bank has opened its 76th store in Cardiff on Newport Road, bringing Wales its first drive-thru banking experience.

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