Deutsche Bank habours big wealth ambition

Bright future: Office lights burn in the buildings of the banking district in Frankfurt. Deutsche Bank plans to tap the Middle East and South-East Asia to increase the flow of funds to the regions that it sees enjoying strong tailwinds due to a combination of factors, including economic reforms, trade flows and geopolitical considerations. — AP

FRANKFURT: Claudio de Sanctis is targeting markets far from home as Deutsche Bank AG seeks to become Europe’s go-to wealth manager.

The head of international private banking at the German lender plans to “significantly invest” in the Middle East and South-East Asia to tap an expansion of wealth and the flow of funds to the regions.