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With 50 senior hires, Deutsche Bank sees advisory business at turning point

Deutsche Bank on Wednesday said that it had hired 50 senior bankers in the origination and advisory business of its global investment bank and that a slump in activity affecting it and competitors was a thing of the past. The 50 managing directors and directors, and an unspecified number of junior bankers, have helped push up Deutsche Bank's front-office employees to 4,377 individuals, up 4% from a year earlier. The hiring comes amid efforts to cut costs and as Deutsche's investment bank revenue falls, and it is expected to lose its pole position as the German lender's top revenue generator to the retail division.

This Is How Financial Advisors Get New Clients in 2023

Referrals can be invaluable to your advisory business when you're working on building a solid client base. Getting those referrals can be challenging, however, if you're not tapping into the various resources that are available to you. Some of the best referral sources for financial advisors may be your existing clients, but there are other […] The post Best Referral Sources for Financial Advisors (2023) appeared first on SmartReads by SmartAsset.

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