Deutsche Bank

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Retail Asia02/11/2022

Deutsche Bank’s Management Board has created a new Global Advisory Board comprising experts from business, academia and politics. The Board’s task it is to advise the Management Board on fundamental macroeconomic, geopolitical and technological developments that have a significant impact on the bank’s operating environment, the bank announced in a media release Wednesday. The Management Board appointed Paul […]

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Retail Asia09/06/2022

In a country where cash has been king for decades, Deutsche Bank will stop allowing customers to pick up cash at its counters. There is a German adage that Geld Stinkt Nicht, which translates into money doesn’t stink, and helps to explain the country’s strong, and perhaps a stereotypical, preference for cash over the years. […]

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Retail Asia08/06/2022

Having a large IT center in St. Petersburg leaves Deutsche Bank highly exposed to Russian sanctions. As a result, it has decided to take a bold action. Deutsche Bank brought several hundred Russian computer scientists to Berlin, as reported by Germany’s citing anonymous sources. The bank operated a large technology center in St. Petersburg, Russia, […]

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Retail Asia01/06/2022

German prosecutors raided the offices of asset manager DWS and its controlling shareholder Deutsche Bank over allegations of «greenwashing,» according to media reports. Deutsche Bank and its around 80 percent-owned asset manager DWS were raided over allegations DWS misled investors about how green the investments marketed as green or greener really were, the reports said. […]

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Retail Asia01/12/2021

Deutsche Bank Wealth Management has made a significant expansion in India with the hire of more than a dozen for the front office and product units. Deutsche Bank Wealth Management in India has made over 15 hires across relationship management and investment advisory join this year and early 2022, according to a statement. The business […]

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Retail Asia22/11/2021

Deutsche Bank’s supervisory board committee supported the nomination of a new chairman, formerly from Dutch insurance firm Aegon. The supervisory board committee fully backed the nomination of Alexander Wynaendts as the German lender’s new chairman and he now awaits the appointment to be confirmed by shareholder votes in May, according to a report citing an internal memo. If successful, […]

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Retail Asia25/10/2021

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Standard Chartered has hired the former Singapore chief executive of J. Safra Sarasin to lead its South Asia private banking segment. Vinay Gandhi joins Standard Chartered as its regional head, ASEAN and global head, global South Asian community, private banking, according to a statement, subject to regulatory approval. Based in Singapore, Gandhi will report to global […]

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Retail Asia21/10/2021

Deutsche Bank has hired a former HSBC executive as a managing director in its wealth management unit. Tse Yi-Mun joins Deutsche Bank Wealth Management as a managing director and group head for North Asia, according to a statement. Based in Singapore, she reports to North Asia head of wealth management Kanas Chan. Tse has 23 years of […]

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Retail Asia15/10/2021

A former managing director from Bank of Singapore has joined Deutsche Bank’s wealth unit in Singapore. Deutsche Bank Wealth Management hired Faye Lee as a managing director, according to a statement, tasked with covering ultra-high net worth clients in Southeast Asia. Based in Singapore, she joins a team led by Southeast Asia head Shang-Wei Chow and reports to group […]

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Retail Asia16/09/2021

Deutsche Bank Wealth Management has hired two former executives from DBS Private Bank to bolster its South Asia business. Shankar Jha joins the German private bank’s global South Asia (GSA) team in Singapore as a managing director and group head, according to a statement, reporting to global South Asia head Amrit Singh. Jha has over 20 years […]

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Retail Asia24/08/2021

Deutsche Bank continues to expand its wealth business in the region, particularly in southeast Asia where it hired a new investment management team head. Alania Concepcion joins Deutsche Bank Wealth Management as a director and investment management team head, according to a statement, reporting to managing director and head of Southeast Asia investment management Coo-Way Law. Based in Singapore, […]

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Retail Asia05/07/2021

Deutsche Bank has hired three former HSBC executives to join its wealth management arm in Southeast Asia. Terence Leong joins Deutsche Bank as group head for Southeast Asia, according to a statement, reporting to head of Southeast Asia wealth management Shang-Wei Chow. Leong joins from HSBC where he was most recently its ultra-high net worth market lead […]

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Retail Asia21/05/2021

Deutsche Bank has set up a Singapore-based center focused on developing environmental, social and governance-related solutions. Deutsche Bank’s center will focus on innovation in ESG and fintech to develop new products to address market gaps, according to a statement. In addition to internal activities, the center will also share global best practices with regulators and […]

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Retail Asia11/01/2021

Deutsche Bank will look to avoid U.S. charges of bribery and manipulation of precious metals markets by making a payment totaling nearly $125 million. Almost the entire payout relates to charges against the German lender over its dealings in Saudi Arabia, Abu Dhabi, China, and Italy, according to court papers, with a criminal fine making […]

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Retail Asia08/01/2021

The two sides will jointly explore a proof-of-concept (POC) using a grant under the Monetary Authority of Singapore’s Financial Sector Technology and Innovation (FSTI) scheme. Deutsche Bank Securities Services will work with Singapore-based blockchain development firm Hashstacs to explore the technological and practical feasibility of digital assets interoperability, liquidity, cross-border connectivity and smart contract templates. The POC will also […]

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Retail Asia26/10/2020

Deutsche Bank is reportedly in advanced talks to sell its technology services unit to India’s Tata Consultancy Services. Tata Consultancy Services – Asia’s biggest software exporter and the tech subsidiary of Indian conglomerate Tata group – could take over Deutsche Bank’s Postbank Systems, according to a «Bloomberg» report citing unnamed sources. There are expectations for a deal […]

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Retail Asia24/08/2020

He joins from Maritime Bank, a Vietnamese bank where he was CEO for four years before taking up its deputy chairman position earlier this year. Deutsche Bank has appointed seasoned banker Huynh Buu Quang to lead the bank’s expansion of its franchise in Vietnam, pending State Bank of Vietnam approval. As chief country officer Vietnam, Huang will be based […]

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Retail Asia17/07/2020

With the move, Deutsche Bank joins rivals UBS and Credit Suisse in having their Asia chief executives based in the city-state. Deutsche Bank’s incoming Asia chief executive officer, Alexander von zur Mühlen, will be relocating to Singapore for his new role – not Hong Kong, where his predecessor sits. We remain committed to our dual-hub structure in Asia […]

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Retail Asia11/03/2020

Deutsche Bank has split up sales and trading teams in Frankfurt after an employee tested positive for the coronavirus, following moves by other global banks which have separated their workforces into different teams. The lender intends to divide sales and trading teams into different locations at that office and at a recovery site until 27 […]

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Retail Asia17/01/2020

She takes over from Tuan Huynh, who was appointed Deutsche Bank’s Chief Investment Officer, Europe, several months ago. The wealth management division of Deutsche Bank has appointed Siok Kuan Tham as head of Wealth Discretionary (WD) for Emerging Markets, it announced in a statement on Thursday. Based in Singapore, Tham will report globally to Gregor Hirt, global head Wealth Discretionary, and locally […]

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