Deutsche Bank has announced a strategic review of its workforce and is cutting 5% of non-client facing roles, but it’s bucking the cost-saving trend in its mergers and acquisitions business.
The bank’s CEO Christian Sewing the bank is investing across its M&A and capital markets businesses, and is looking to attract talent in the Asia Pacific (APAC) region. “We continue to invest into our platforms, and to take opportunities created by current market conditions to attract talent to strengthen advisory capabilities in various businesses and regions, including Asia,” he said at the bank’s first quarter earnings on April 27.