Deutsche Bank Private Wealth Management
Far harder to quantify, however, is what NRI bankers at Deutsche Bank PWM call the “Anshu-factor” – the “Pied Piper Effect” Deutsche Bank’s Indian-born global Co-Chief Executive Officer, Anshu Jain, has on the global Indian diaspora. Not only does Jain take a keen interest in the bank’s NRI business, he actively reaches out to and meets with NRI clients in a professional as well as private capacity.
Another critical differentiator is Deutsche Bank PWM’s Indian onshore presence. Whilst not an imperative for a flourishing NRI business, an onshore licence allows banks to freely access India’s capital-hungry domestic market and provide several points of onshore connectivity for clients. Critically, Deutsche Bank PWM is also able to offer onshore lending capabilities to its Indian clients.
For clients looking to unlock the value of their assets, the bank’s vast investment banking machinery is another clear advantage. Indeed, Amrit Singh, Managing Director and Head of Global South Asia, spent over a decade as a corporate and investment banker with Deutsche Bank before he made the move to private banking.
For these reasons, Asian Private Banker deems Deutsche Bank Private Wealth Management the deserved winner of this year’s Asian Private Banker Best Private Bank – NRI Services award.