Deutsche Bank Wealth Management
In a year when oil prices, the rupiah and the Jakarta index all tumbled, Deutsche Bank Wealth Management’s strong global platform, experience and healthy balance sheet allowed it to further diversify its business lines to offer Indonesian high net worth individuals solutions to protect and grow its wealth in a turbulent period.
A rapidly growing fee-based business across its funds and discretionary solutions reflects both deepening relationships among its Indonesian clients and a sustainable proposition for their assets. This is in addition to strong and steady pipelines of structured financing, FX, money markets and both flow and non-flow structured products solutions in a year that proved especially demanding for wealth within an energy-heavy economy.
Portfolio management aside, Deutsche Bank Wealth Management’s Indonesian team adeptly leveraged the bank’s diversified platform to sustain delivery of global real estate and wealth planning solutions. This comes at a critical market juncture where central bank policies are diverging, old wealth is ageing and various global economies are attempting to make material reforms. Indeed, estimates show that Indonesian high net worth individuals may have seen nearly 20% of their wealth erased by poor market performance in 2015.
In spite of these, the bank excelled in this highly competitive offshore market by pairing its vast experience in global distribution with unique, tailor-made solutions, particularly for the Indonesian ultra high net worth segment.
This certainly puts Deutsche Bank Wealth Management in good stead, with the Southeast Asia nation’s wealth market expected to swell to more than US$200 billion over the next few years, on the back of an established ultra high net worth market where business is tied to both global economic conditions and deep personal passions. Its proven ability to satisfy such needs makes Deutsche Bank Wealth Management the deserved winner of the Asian Private Banker 2015 Best Private Bank – Indonesia International Award.