Pursuits
Deutsche Bank Asia Wealth Unit Targets 20% Revenue Gain
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Deutsche Bank AG’s Asia-Pacific wealth-management business aims to increase revenue by 20 percent in 2015 by targeting the region’s richest people.
The bank will seek new clients and try to lure money from existing customers as it focuses on individuals with at least $100 million of potential investable assets, said Mark Smallwood, Deutsche Asset & Wealth Management’s head of franchise development and strategic initiatives in the region. It will focus on Singaporeans, Hong Kongers, Indonesians, Chinese and non-resident Indians, he said.