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Deutsche’s transformation will “reinforce” the relevance of APAC WM

Deutsche Bank’s transformation will “reinforce the relevance” of its Asia Pacific wealth management arm, putting the business “out at the front” of the group’s path to recovery, a spokesperson for Deutsche Bank Wealth Management told Asian Private Banker. On Sunday, the German bank announced its transformation plans, which will see “deep cuts” in equity trading and sales. Meanwhile, growth plans…

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