Deutsche Bank keeps Singapore close to bolt down top spot in credit trading
The Asia-Pacific will get a larger portion of of the 13b euros in technology spending earmarked by the group, say top executives
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DEUTSCHE Bank - even while undertaking what is likely the biggest overhaul in the investment banking industry in years - has identified the Asia-Pacific as a clear growth region, allocating to it a lion's share of the 13 billion euros (S$19.8 billion) that the group expects to spend on technology by 2022, its top executives told The Business Times.
In an interview, Chandra Mallika, group chief operating officer for the Asia-Pacific at the bank, said the group expects the percentage of the Asia-Pacific's revenue contribution to group to grow from 12 per cent to 14 per cent by 2022, with Singapore being one of the top two contributors to revenue out of this region.
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