Zurich — Deutsche Bank is targeting the Middle East as a priority region for wealth management as the lender seeks to recoup assets lost late in 2016 when concerns about its capital levels prompted an exodus of clients. The Frankfurt-based bank is seeking to hire relationship managers and expand the products it offers wealthy clients in the region to attract new money, said Peter Hinder, head of wealth management for Europe, the Middle East and Africa and the lender’s Switzerland head. He said he planned to hire about 20 private bankers for the region he oversees.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.