trending Market Intelligence /marketintelligence/en/news-insights/trending/lpqkxJFOoe3NZIXencesCg2 content esgSubNav
In This List

Deutsche Bank to close private banking arm in Australia

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Commercial Banking: June 22nd Edition

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy

Blog

Commercial Banking Newsletter June Edition - 2022


Deutsche Bank to close private banking arm in Australia

Deutsche BankAG will shutter its Australian private banking arm as part of itsefforts to streamline operations, TheAustralian reported Sept. 22.

The move will result in the loss of 15 jobs and affect threeproduct offerings in Australia: advisory, lending and portfolio management.

A spokeswoman for the bank said the restructuring of theAustralian business is in line with the group's aim to become a more efficientorganization.

The transition of the bank's wealth management's clientactivities to other providers is expected to be completed in the first half of2017.