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Yahoo
5 days ago
- Business
- Yahoo
Deutsche Bank consolidates wealth services for enhanced client focus
Deutsche Bank has unified its services for wealthy and high-net-worth clients into a single wealth management division. This reorganisation aims to tailor offerings to meet diverse client needs, from digitally-focused affluent individuals seeking accessible investment options to entrepreneurial families with complex advisory requirements. The consolidation will streamline operations by reducing management layers. A new 'Wealth Planning Germany division' will also be launched within wealth management, headed by Lisa-Marie Wohrle. This team will provide expertise in managing complex family assets, developing pension and retirement plans, and facilitating asset transfers. Wohrle has joined Deutsche Bank from UBS, where she served as head of Wealth Planning Germany. She will now report to Corrado Palmieri, head of advisory and sales wealth management Germany. Deutsche Bank Wealth Management Germany head Raffael Gasser said: 'With this new team, we are strengthening our claim to holistic advice and offering our clients solutions to the important question of how to hand over their assets to the next generation.' The bank will adopt a six-region structure, similar to its approach for mid-sized companies, fostering closer collaboration with its corporate banking division. This structure will facilitate holistic advice covering both private and business assets for entrepreneurial families. To address the growing segment of digitally-savvy wealthy clients, Deutsche Bank is investing in digital platforms and establishing a dedicated entity that combines personal advisory services with digital interactions. As part of this reorganisation, Deutsche Bank has recruited several key figures from various institutions. Nasim Amini, formerly with HypoVereinsbank and Commerzbank, will join in January 2026 as head of the Southern region. Naveed Arshad, previously at Hauck Aufhauser Lampe, will focus on delivering digital solutions for wealth management clients. Additionally, the bank is expanding its team for high-net-worth clients with entrepreneurial assets, led by Stefanie Ruhl-Hoffmann, with plans to double the number of advisors due to strong client demand. In May this year, Deutsche Bank obtained a financial services licence from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM), allowing it to conduct key regulated activities in the international financial hub. "Deutsche Bank consolidates wealth services for enhanced client focus" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
6 days ago
- Business
- Bloomberg
Deutsche Bank Reorganizes German Wealth Management in Fee Push
Deutsche Bank AG is reorganizing its wealth management in Germany as the lender seeks to simplify leadership structures and boost fees from the lucrative business. The separate divisions that currently serve wealthy and affluent clients will be combined in the wealth unit, Germany's largest bank said in a statement Monday. Similar to the structure of its SME business, the operations will be organized along regional lines within Germany.
