Deutsche Bank raids rival talent to target European wealthy
German lender hires private bankers from Credit Suisse while cutting global trading jobs
17 July 2019 - 12:33
Deutsche Bank hired a team of about a dozen private bankers from Credit Suisse Group as Germany’s largest lender shifts resources to wealth management while slashing tens of thousands of trading jobs worldwide.
The hire from one of Deutsche Bank’s key rivals comes as numerous lenders in Europe tilt toward the more stable revenues produced from managing money for the wealthy. The bankers, who are largely based in Italy, resigned from Credit Suisse on Monday, according to people familiar with the matter...
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