Zurich Italy Buys Deutsche Bank Financial Advisors Network

Mittwoch, 04.08.2021 18:40 von PLX

• (PLX AI) – Deutsche Bank and Zurich Italy have reached an agreement in acquisition by Zurich of the network of Financial Advisors of the Deutsche Bank Group in Italy.
• • The terms of the agreement provide for the transfer of a business unit consisting of 1085 Financial Advisors (March 2021), 97 employees and 16.5 billion euros of assets under management (March 2021)
• • The agreement enables Deutsche Bank to reposition its business in Italy by refocusing and reinvesting in areas where it can compete to win; as the house bank for family entrepreneurs, as the premium bank for affluent customers, and by leveraging its well-established consumer brands across digital channels, the bank said