UBS - Deutsche Bank's Asia Private Banking Workforce Slashed Amid Restructuring Efforts: Report | Benzinga
Deutsche Bank AG (NYSE:DB) has reportedly reduced its private banking workforce in Asia by ten roles in the past week, part of ongoing cuts to focus on lucrative markets and address underperformance.
Around 60 positions were eliminated at Deutsche Bank in Singapore and Hong Kong over the past year, as part of the German bank’s restructuring efforts, Bloomberg reported.
The impacted individuals include relationship managers recruited from Credit Suisse for Greater China ...