June 12 Deutsche Bank AG's wealth management division said on Monday it plans to hire about 100 client managers worldwide this year, as part of its efforts to win more super-rich customers, particularly in the Asia-Pacific region.
The bank said it would invest 65 million euros ($73 million) in digital technology to develop new features such as customized Chief Investment Office news and portfolio health checks.
Deutsche Bank's wealth management arm has seen soft growth and several staff departures over the last couple of years.
In October, the wealth management unit in Asia and Europe witnessed significant outflows, following the imposition of a $14-billion fine by the U.S. for misselling toxic mortgage-backed securities before the financial crisis.
($1 = 0.8928 euros) (Reporting By Aparajita Saxena in Bengaluru; Editing by Arun Koyyur)
PRESS DIGEST- British Business - June 28
June 28 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
UPDATE 1-Pan American Energy to invest $1.2 bln in Argentina in 2017
BUENOS AIRES, June 27 Argentina-based Pan American Energy, a unit of BP Plc, will invest some $1.2 billion in the South American country this year, a company spokesman said on Tuesday, down from the $1.4 billion that the company had announced for 2016.