Digital & Technology

Potential for New Investments in Asia following Deutsche Bank overhaul

Following the announcement that the bank will cut 18,000 positions across the globe, there is potential for increased investment in technological development due to the capital freed arising from the upheaval, alongside the scope for new hires in the region.

Werner Steinmueller, the bank’s Asia-Pacific chief executive, sees the restructuring as an opportunity. The South China Morning posts reports his aspirations for the upheaval to facilitate the expansion of corporate banks and allow future investment in the firm’s business in the Asian region. He also expresses the intent to add new jobs into the Asian wealth management industry, which he acknowledges as the bank’s fastest growing region.

Once the dust has settled on the restructuring, being overseen by CEO Christian Sewing, Steinmueller hopes to see the acceleration of investments in China and Australia, and a greater emphasis on investment in the development of new technology.