Deutsche Bank and Zurich Italy complete the acquisition of Deutsche Bank Financial Advisors

Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) and Zurich Italy have completed the acquisition of Deutsche Bank Financial Advisors business by Zurich. Under the terms of the agreement signed in August 2021, 1,085 Financial Advisors, 96 employees, and over €16 bn in assets under management will pass to Zurich Bank.

In addition, the partnership between the two institutions in Italy continues: Deutsche Bank will provide banking products and services to Zurich Bank, for the benefit of customers and financial advisors – at the same time, Zurich Italy will continue to distribute its insurance offer through Deutsche Bank branches.

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