Deutsche Bank targets emerging markets with major private banking hiring push

Deutsche Bank DB has announced plans to add up to 50 relationship managers to its emerging markets private banking unit DB this year as part of a broader front-office hiring push. This personnel expansion is intended to increase the bank's capacity to expand its private-banking footprint in the Gulf region, North Asia, and Switzerland CH, while also growing services such as Lombard lending. The move is characterized as a scaled personnel expansion timed to capture rising global wealth and client demand in fast-growing regions.