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Deutsche’s Sewing optimistic about wealth management, takes axe to IB

Deutsche Bank’s chief executive, Christian Sewing, has sounded a positive note on the future of the bank’s Asia wealth management franchise amid news the German lender plans to slash over 7,000 jobs as part of a revamp of its equities sales and trading business. In a 6,000 word speech delivered at Deutsche’s AGM yesterday, Sewing highlighted Asia alongside Germany, Europe, the…

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