Deutsche Bank to create International Private Bank

Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) announced today that it will combine its Wealth Management and Private & Commercial Business International units into a new International Private Bank, serving 3.4 million private, wealth and commercial clients.

The International Private Bank will bring together Wealth Management’s globally connected clients across Germany, Europe, the Americas, Asia and the Middle East and Africa, along with private clients and small and medium-sized enterprises in Italy, Spain, Belgium and India. The business will have around 250 billion euros of assets under management and a combined revenue of approximately 3 billion euros.

Full press release (ENG)