LONDON: Deutsche Bank plans to hire 300 more relationship and investment mangers for its wealth management business by 2021, as part of a plan to bulk up in areas the German lender hopes will bring steadier revenue streams.
Under Campelli's plan the number of relationship and investment managers will grow by 300 - around a third of the current numbers - globally. They will be spread across its America, Europe and Emerging Markets regions. "The space is very crowded and the market is one that many banks have sought to make a mark on," said Campelli, who has run the business at Deutsche since October 2015.
It currently trails its major Swiss and U.S rivals in private banking league tables, tending to sit outside the top ten.
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