Deutsche Bank plans Asia wealth expansion with 50 new hires
Bank's Asia wealth business has suffered two years of declining AUM
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DEUTSCHE Bank AG is stepping up hiring for its Asian wealth-management business as part of a "multi-year" expansion to bolster a unit that has lost key executives and assets in recent years.
Deutsche Bank Wealth Management plans to add 50 client-facing positions including relationship managers during the second half of the year after hiring 13 employees last month, Lok Yim, the unit's Asia-Pacific head, said in a phone interview on Thursday.
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