Deutsche Bank Wealth Management
The increasingly moneyed diaspora of non-resident Indians (NRIs) has made it difficult for private banks in Asia to ignore this client segment. Following a year of the Indian government’s political clout to push through long-promised reforms, which has seen an unrelenting rally at the nation’s stock exchange, NRIs have responded with astute investments. Not surprisingly, more private wealth managers are widening their networks and offerings to cater to this universe of notoriously price-sensitive but sophisticated investors.
Deutsche Bank Wealth Management has managed to stay ahead of its competitors in this sector with its extensive product and solution capabilities, and strong business momentum. For the fourth year in a row, the firm is the winner of the award for Best Private Bank – NRI Services.
There have been many changes in the NRI private banking landscape over the last two years, marked by large team moves in Asia, major restructuring of such specialist teams or even well-publicised withdrawals from the space. Through this all, Deutsche Bank Wealth Management has retained a robust offering, anchored within with a strong core team of 75 professionals located in five international centres including London, Geneva, Dubai, Singapore and Hong Kong. Furthermore, the private bank plans to make significant new hires – testament to the bank’s commitment to this market.
The bank continues to reap the benefits of a stellar offering stable, constantly innovating and structuring products tailored to the NRI investor palette. From wrapper structures, FCNR and NRE deposits to structured lending solutions including aircraft financing, estate succession planning and masala bonds, Deutsche Bank Wealth Management has proven impressive in this regard.
As the political and economic transformation in India continues, investment opportunities will continue to open up for NRIs, a market that the bank continues to serve with distinction. Deutsche Bank Wealth Management is without a doubt 2015’s deserved Best Private Bank – NRI Services award winner.