Key Takeaways DB will add up to 50 relationship managers in emerging markets this year, with hires continuing through 2028.Expansion targets Asia and Gulf UHNW clients amid rising demand for cross-border wealth management.Lombard lending capabilities will be scaled to meet growing client interest in borrowing against portfolios.Deutsche Bank AG (DB) is set to expand its emerging markets private banking operations, according to a Reuters report, which was published in Yahoo Finance. The German bank intends t ...

Group 1 - Deutsche Bank plans to increase its number of relationship managers in its emerging markets private banking division by adding up to 50 more staff this year, focusing on the Gulf region and North Asia [1] - The recruitment drive aims to raise headcount in the division by 50% over the next three years, with 250 new hires expected to join this segment [2] - The bank's strategy reflects clients' aspirations for global assets and the desire to diversify geographically to mitigate geopolitical risk [2] Group 2 - Deutsche Bank's focus on Lombard lending is increasing, as interest in this product grows among clients [2][4] - The bank reported a net profit of €7.1 billion ($8.5 billion), nearly double the earnings from the previous year, with group revenues rising by 7% to €32.1 billion [4] - The positive financial results are attributed to higher income and reduced costs across the bank's main business areas [4]