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Deutsche Bank Has One Area Where CEO Sees Limitless Growth

  • CEO endorses further hiring in Asia for wealth management unit
  • German bank has announced plans to cut at least 7,000 jobs
Deutsche Bank CEO Sewing Accelerates Lender's Turnaround Effort
Photographer: Alex Kraus/Bloomberg
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In Deutsche Bank AG Chief Executive Officer Christian Sewing’s push to get back into growth mode, there’s one specific business in which there are pretty much no hiring limits.

The private bank in Asia is still recruiting, even after bringing on board about 100 relationship managers and support staff in the first half, Lok Yim, who runs the Asia-Pacific wealth business, said in an interview. “I don’t think there’s a limit apart from what we can digest,” he said.