Deutsche Bank Honored as Top Global Private Bank for Entrepreneurs and Market Leader in Germany at PWM Awards 2024

Deutsche Bank Honored as Top Global Private Bank for Entrepreneurs and Market Leader in Germany at PWM Awards 2024

(IN BRIEF) Deutsche Bank’s Private Bank has been named “Best Private Bank for Entrepreneurs” globally and “Best Private Bank in Germany” by Professional Wealth Management (PWM) and The Banker at the 2024 Global Private Banking Awards. These awards recognize the bank’s success in transforming its private banking services, with a strong focus on entrepreneurs and high-net-worth clients across Europe. Deutsche Bank’s Private Bank has also established specialized services, including a dedicated unit for ultra-high-net-worth clients in Germany.

(PRESS RELEASE) FRANKFURT, 9-Nov-2024 — /EuropaWire/ — Deutsche Bank has been honored by Professional Wealth Management (PWM) of the Financial Times group with two prestigious awards: “Best Private Bank for Entrepreneurs” on a global scale and “Best Private Bank in Germany” at the PWM/The Banker Global Private Banking Awards 2024. These accolades highlight the transformation of Deutsche Bank’s Private Bank.

Claudio de Sanctis, Head of Private Bank, remarked that these awards are a testament to the hard work and dedication of Deutsche Bank’s teams, who are building a leading franchise for entrepreneurs and families across Europe. In regions like Belgium, Italy, and Spain, Deutsche Bank’s Private Bank has built a robust service network to address the unique needs of entrepreneurial clients.

In Italy and Spain, the Private Bank has integrated Business Banking to better support small- and mid-sized companies, ensuring tailored resources for entrepreneurs. Iñigo Martos, Head of Private Bank in Italy, Spain, and Belgium, noted that Deutsche Bank’s approach provides comprehensive services, focusing on personal and business wealth, generating significant new business across key regions.

In Germany, the bank has developed a specialized unit for Ultra High Net Worth (UHNW) clients, catering to large entrepreneurial clients with bespoke solutions. Raffael Gasser, Head of Wealth Management & Private Banking in Germany, said this recognition celebrates the team’s strong performance amid market volatility and drives their commitment to continually invest in private banking services.

The awards were announced at the PWM Global Wealth Management Summit 2024 in London, underscoring Deutsche Bank Private Bank’s position as the Eurozone’s largest private bank, serving over 20 million clients across 60 markets worldwide.

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SOURCE: Deutsche Bank AG