Deutsche's Asia wealth unit looks to bolster recovery with more hires

REUTERS/Kai Pfaffenbach

Asia is at the heart of Deutsche Bank Wealth Management’s plan to rebuild after a shaky few years with further staff hires expected to complement a recovery in assets that is outpacing the global trend, its regional head said on Tuesday.

Deutsche Bank dropped out of the world’s top 15 private banks in 2016, after it withdrew from a number of countries, saw some high profile departures and German’s biggest lender was lumped with a hefty fine for mis-selling mortgage-backed securities before the 2007-2009 financial crisis.

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