Deutsche Bank’s New Retail & Wealth Head Set to Revamp Unit
- De Sanctis seeking to reshuffle tasks along regional lines
- Wealth, Retail division has long struggled to make profits
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Deutsche Bank AG’s incoming retail and wealth management division head, Claudio de Sanctis, is preparing a revamp of the unit that will look to seize on faster growth in international markets.
De Sanctis is planning to reshuffle responsibilities along geographical lines and will likely turn regional heads into direct reports, people familiar with the matter said. That may lead to a broader remit for US wealth management head Arjun Nagarkatti and potentially also for the unit’s global head of advisory & sales, Alessandro Caironi, one of the people said.