Deutsche Bank Plans Asia Wealth Expansion With 50 New Hires
- Asia wealth unit to add new employees in second half
- Firm hired 13 employees in the region last month, Lok Yim says
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Deutsche Bank AG is stepping up hiring for its Asian wealth-management business as part of a “multi-year” expansion to bolster a unit that has lost key executives and assets in recent years.
Deutsche Bank Wealth Management plans to add 50 client-facing positions including relationship managers during the second half of the year after hiring 13 employees last month, Lok Yim, the unit’s Asia-Pacific head, said in a phone interview Thursday. He declined to spell out the hiring target for relationship managers, which totaled close to 200 as of December at his unit.