So far this year, the German lender has made around 30 hires from Standard Chartered for its private bank.
Deutsche Bank has added nine Standard Chartered bankers to its team catering to wealthy clients in China and Hong Kong, «Bloomberg« reported on Tuesday, citing people familiar with the matter.
The hires, made in the past few months, follow the appointment of Boris Kwok – an 18-year veteran of Standard Chartered – earlier this year as Group Head, North Asia, with a focus in China. Along with Kwok, DBWM also brought in 20 other front-facing wealth management professionals, six of whom are directors.
Wealth Focus
Deutsche Bank WM has set its sights on Asia's rich, bolstering its ranks to grow its business, particularly in North Asia, where it aims to increase the number of relationship managers by 40-50 percent in three years.
«We remain keenly focused on the significant opportunity in China, and are growing our team to meet rising client demand,» Kanas Chan, Deutsche Bank's head of North Asia wealth management, said in a statement, «Bloomberg» reported.
