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February 2010

Private banking: Deutsche lays out big ambitions

The acquisition of Sal Oppenheim accelerates Deutsche Bank’s ambitious private banking growth strategy. Peter Lee reports.


Private Banking and Wealth Management Survey 2010





The old order changes

Press release

Features

 

Credit Suisse reaches the summit of private banking

Private banking: Oswald Grübel claims the tide is turning for UBS

JPMorgan takes the top spot (Ultra-high net worth)

Asian private banking: Clients return to risk cautiously

Latin American private banking: Advisers sceptical of highs

France’s private banks widen their nets

Deutsche lays out big ambitions

The Survey
Full results index
Methodology

BARRING ANY UNFORESEEN late regulatory intervention, Deutsche Bank will complete the acquisition of Sal Oppenheim Group at the end of March and rise to the top of the rankings by customer assets of private wealth managers in the eurozone.

It has determined to diversify its earnings away from heavy dependence on its global markets and investment banking operations. Building up private banking is a key part of that and Deutsche is particularly...


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