Deutsche Bank to introduce International Private Bank

Thursday 11 June 2020 15:02 CET | News

Deutsche Bank has announced plans to combine its Wealth Management and Private & Commercial Business International units into a new International Private Bank.

The International Private Bank will bring together Wealth Management’s globally connected clients across Germany, Europe, the Americas, Asia and the Middle East and Africa, along with private clients and small and medium-sized enterprises in Italy, Spain, Belgium and India. The business will have around EUR 250 billion of assets under management and a combined revenue of approximately EUR 3 billion. 

Together with Deutsche Bank’s domestic Private Bank Germany, which will remain unchanged in its scope, the International Private Bank will form the Private Bank, one of four business divisions in the institution’s Core Bank.

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Keywords: Deutsche Bank, International Private Bank, SME, Private Bank Germany, private bank, Core Bank
Categories: Banking & Fintech
Countries: World
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Banking & Fintech