BIZCHINA / Overseas Investment |
Deutsche Bank launches wealth management operations(Xinhua)Updated: 2006-11-13 15:00 Deutsche Bank AG said it is launching a wealth management business in Chinese mainland, starting with Shanghai. "China's growth is generating significant affluence and the need for wealth management services is rapidly expanding ... we see huge growth potential in China as the process of market deregulation continues." Pierre de Weck, the lender's global head of private wealth management said in a statement. China's fledging wealth management market has lured global players including Citigroup, HSBC and ABN Amro. (For more biz stories, please visit Industry Updates)
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