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Deutsche Bank Wealth Management

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Division of Deutsche Bank's Private Bank serving HNW/UHNW clients globally. €685B Private Bank AUM (Dec 2025). 15 Euromoney Private Banking Awards 2025. 80+ WM offices worldwide.

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AUM

$735B

Founded

1870

Track Record

155 years

Company Information

Headquarters

Frankfurt, Germany

Firm Type

Private Bank

Global Offices

Frankfurt, GermanyNew York, NYLondon, UKSingaporeHong KongZurich, SwitzerlandLuxembourgDubai, UAEMilan, ItalyMadrid, SpainLos Angeles, CAMiami, FLSan Francisco, CAWilmington, DE

Services Offered

Core Services

Wealth Management
Investment Management
Discretionary Portfolio Management
Advisory Mandates
Estate and Trust Planning

Investment Approach

Discretionary
Advisory
Family Office Services
Trust Services
Lending/Credit
Private Banking

Client Profile

Client Types Served

HNWI
UHNWI
Family Offices
Entrepreneurs
Foundations

Minimum Investment

€3M+

Net Worth Focus

HNW, Ultra-HNW

Client Specializations

Entrepreneurs
Family Businesses
Global Families
Family Offices
Next Generation Wealth

Fee Structure

Fee Types

Fee-Based

AUM Fee Range

0.55% - 1.65%

Fee Transparency

Partial

Fiduciary Standard

Investment Focus

Focus Areas

Multi-Asset
Equities
Fixed Income
Alternatives
Private Markets

Geographic Focus

Global

Alternative Investment Access

Private Equity
Hedge Funds
Real Estate
Private Markets
Infrastructure
Open Architecture
Proprietary Products

Investment Philosophy

Deutsche Bank Wealth Management leverages its Global Hausbank model, combining human and machine capabilities through its Chief Investment Office (CIO) global team. The CIO provides strategic asset allocation, market research, and risk management across all major asset classes. The approach integrates ESG factors through proprietary frameworks including exclusionary screening, positive screening, thematic investing, and impact investing.

ESG Approach

Comprehensive ESG framework with four main approaches: exclusionary screening, positive screening, thematic investing, and impact investing. Flagship Strategic Asset Allocation solution takes an exclusion-based ESG approach. First bank to be full member of Ocean Risk and Resilience Action Alliance (ORRAA). €900B sustainable and transition finance target by 2030. ESG training rolled out to 7,000+ colleagues.

Digital & Technology

Mobile App
Client Portal
Robo-Advisory

Reporting

Daily

Digital Features

Deutsche Bank offers the ROBIN robo-advisory digital portfolio management platform (min. €500 investment for retail)mobile banking apponline banking portaland NetXInvestor client portal for US wealth management clients. Agile digital transformation since 2019 with PWM recognition for digital portfolio management and RegTech.

Recognition & Awards

Industry Awards

Euromoney Global Private Banking Awards 2025: 15 awards including World's Best for Entrepreneurs, World's Best for Commercial Real Estate, North America's Best International Private Bank, Germany's Best Private Bank, Germany's Best for UHNWPWM Global Private Banking Awards 2025: Best Private Bank Germany, Best Private Bank for EntrepreneursGlobal Private Banking Innovation Awards 2025: 5 awardsEuromoney 2025 Awards for Excellence: Europe's Best Investment Bank, Germany's Best Investment Bank (4th year running)

About Deutsche Bank Wealth Management

Deutsche Bank Wealth Management: A Global Hausbank for the World's Wealthiest Families

The world’s leading wealth management firm Deutsche Bank Wealth Management is one of the leading wealth management franchises globally. With over €685 billion assets under the Private Bank, as of December 2025, Deutsche Bank Wealth Management offers sophisticated wealth management solutions to high-net-worth and ultra-high-net-worth individuals, entrepreneurs, family offices and foundations in 58 countries. Founded in 1870 in Berlin, our expertise spans over 155 years. We offer dedicated wealth management expertise via a network of more than 80 wealth management offices in the world’s key financial centres, from Frankfurt, Zurich to Singapore, Hong Kong, Dubai, New York and London and other major financial centres. Within our Global Hausbank model we offer a truly global approach to wealth management – combined with local expertise tailored to the specific requirements of each client. This model forms the cornerstone of our client-centric service and utilises the strengths of the bank as a whole, in particular the opportunities afforded by our leading positions within the Investment Bank, Corporate Bank and DWS. Testament to our achievements and our commitment to our clients, we received a record 15 Euromoney Global Private Banking Awards in 2025, amongst others for the World’s Best Private Banker for Entrepreneurs, Real Estate Principals and the Ultra-wealthy.

Services & Capabilities

Our Wealth Management business provides a uniquely broad range of services in a single integrated offering that few competitors are able to deliver. The Global Hausbank (house bank) concept provides access to traditional wealth management and investment advisory as well as institutional grade corporate finance, structured finance and capital markets expertise via a single point of access to a vast array of products and services. Solutions include discretionary and advisory portfolio management, wealth and estate planning, residential and commercial mortgage finance and other types of structured finance and capital markets transactions including the lending and trading of art, collectibles and investment portfolio securities as well as philanthropy advisory services and dedicated family office solutions. In addition, we offer our NextGen Programme designed to equip the rising generation of wealth holders with the knowledge, skills and mindset necessary to take on leadership responsibilities, as well as a suite of services focused on ESG.

  • Global Hausbank model integrating Investment Bank, Corporate Bank, and DWS asset management capabilities into tailored private banking solutions
  • Discretionary and advisory portfolio management guided by a dedicated Global Chief Investment Office (CIO) team spanning all major regions
  • Comprehensive wealth planning including estate planning, trust structuring, cross-border tax structuring, succession planning, and philanthropy advisory
  • Structured lending solutions covering real estate, fine art, and bespoke financing — leveraging Deutsche Bank's institutional balance sheet
  • Dedicated family office services with governance advisory, multi-generational planning, and consolidated reporting
  • Open architecture investment platform complemented by proprietary products and access to private equity, hedge funds, real estate, infrastructure, and private markets
  • Advanced ESG investing framework incorporating exclusionary screening, positive screening, thematic investing, and impact investing — backed by a €900 billion sustainable finance target by 2030
  • Digital capabilities including the ROBIN robo-advisory platform, mobile banking, online portals, and NetXInvestor for US clients

Investment Approach

Global research, local expertise Our investment philosophy is driven by the Global Chief Investment Office (CIO), a central hub of research and intellectual thinking. This team of over 100 specialists offers a comprehensive wealth of expertise to help you make your money work harder for you. Strategically allocating assets, undertaking broad market research, and actively managing risks, the CIO team guides the investment of your assets on a sector wide basis across all major asset classes. Using both qualitative and quantitative skills, the CIO along with the team of portfolio managers (a total of over 120 experts) ensures that your investment portfolio is constantly attuned to your personal risk profile, investment requirements and your values. Your wealth manager may choose from either fully discretionary mandates and in which the CIO and portfolio managers continuously adjust your investment portfolios or, where you prefer to act upon the recommendations of the investment team and thus retain full discretion for your investment decisions, advisory mandates – along the lines of institutional research, but allowing you to retain an active decision-making role. Our integrated approach uses the expertise of the Global CIO and the expertise of the Deutsche Bank Wealth Management portfolio management team, in conjunction with an open architecture sourcing the best-in-class external managers together with DWS and Deutsche Bank products. We offer access to alternative investments such as private equity, hedge funds, real estate, infrastructure and commodities, thus broadening your investment options and giving you additional sources of diversification in the event of market fluctuations. At Deutsche Bank Wealth Management, our ESG integration is an integral part of our investment process. From exclusionary and positive stock screening and thematic investing, to impact investing and Environmental, Social and Corporate Governance (ESG) research on sovereign debt – you can choose from a number of ESG options, reflecting your values and your portfolio diversification goals. Our flagship Strategic Asset Allocation solution, for example, makes use of an exclusion-based ESG process. This represents the scale of our commitment to sustainable investment.

Leadership Team

Christian Sewing

CEO, Deutsche Bank AG

Chief Executive Officer of Deutsche Bank since April 2018, with his contract extended to April 2029. Previously held various senior positions in the Private and Commercial Bank division and served as Head of Group Audit and Deputy Chief Risk Officer. Under his leadership, Deutsche Bank has undergone a significant strategic transformation and returned to sustained profitability.

Claudio de Sanctis

Head of Private Bank, Member of the Management Board

Appointed to the Management Board as Head of Private Bank in July 2023 after serving as Global Head of Deutsche Bank Wealth Management since November 2019. Before joining Deutsche Bank in 2018, he was Head of Private Banking Europe at Credit Suisse. Holds a Bachelor's degree in Philosophy from University of La Sapienza in Rome and has been instrumental in driving the firm's record award-winning performance.

Christian Nolting

Global Chief Investment Officer, Private Bank

Leads the Global CIO team across all regions for Deutsche Bank's Private Bank, providing strategic asset allocation, market research, and risk management for wealth management and private banking clients. His team is the intellectual engine behind the firm's discretionary and advisory investment mandates.

Deepak Puri

CIO Americas, Private Bank

Chief Investment Officer for the Americas at Deutsche Bank Private Bank. Co-chairs the Americas Regional Investment Committee responsible for investment strategy and asset allocation for discretionary and advisory portfolios across the region, adapting the global CIO framework to the unique needs of US and Latin American clients.

Raffael Gasser

Head of Wealth Management & Private Banking, Germany

Appointed to lead wealth management and private banking in Germany effective November 2024. Brings extensive experience from UBS in Zurich, where he oversaw the affluent clientele business in Northern Europe, and from 14 years at Credit Suisse in various wealth management leadership roles. Leads the integration of private banking and wealth management under Deutsche Bank's unified regional structure.

Salman Mahdi

Global Vice Chairman, Private Bank

Global Vice Chairman of Deutsche Bank Private Bank, advising on family office strategy and governance. Specializes in helping wealthy families adapt ownership and control structures across generations, providing strategic counsel at the intersection of family enterprise, investment management, and institutional governance.

Client Focus

Minimum investment: €3 million Deutsche Bank Wealth Management advises high-net-worth and ultra-high-net-worth individuals. Entrepreneurial clients are a core focus, which was confirmed by Deutsche Bank being awarded World’s Best Private Bank for Entrepreneurs by Euromoney in 2025. The client segments are: - Entrepreneurs and family business owners - Global families requiring cross-border structuring advice - Single and multi-family offices - Next-generation clients navigating the transfer of wealth - Foundations requiring investment management as well as philanthropy advice The Global Hausbank concept is particularly beneficial for entrepreneurs requiring comprehensive wealth and business advice. This can be provided by only a few banks, as most competitors do not have an investment bank and corporate bank. Deutsche Bank Wealth Management is actively expanding its business in Southeast Asia and the Middle East, with the aim of more than doubling the assets under management in these regions over the next five years. At the same time, the restructuring of the German business into regional units for private banking and wealth management is expected to further enhance the client experience. Families seeking a truly global, highly institutional organisation with many years of market experience will also be in good hands with Deutsche Bank Wealth Management – as they have been for the past 155 years.

Corporate & Regulatory Structure

OwnershipPublic — DB (NYSE) / DBK (Frankfurt Stock Exchange)
Parent CompanyDeutsche Bank AG
Regulatory RegistrationsBaFin (Germany), SEC (US), FCA (UK), MAS (Singapore), SFC (Hong Kong), FINMA (Switzerland)
Global Offices80 offices across 58 countries

Financial Performance

AUM Growth (1 Year)

8%

Year-over-year as of December 2025

Net New Assets

$27B

Annual net inflows

Revenue

$4.4B

Annual wealth management revenue

Strategic Developments

2023

Acquisition of Numis Corporation

Acquired UK investment bank Numis Corporation for approximately €463M, strengthening capital markets and advisory capabilities for wealth clients in the UK.

2024

Ocean and Sustainability Partnerships

Became the first bank to gain full membership in the Ocean Risk and Resilience Action Alliance (ORRAA); established partnership with the UN Decade of Ocean Science.

2025

Southeast Asia & Middle East Expansion

Launched a strategic plan to double AUM across Southeast Asia and the Middle East over five years, alongside a restructuring of German wealth management under unified regional heads.

2025

Digital-Native Client Unit

Launching a dedicated digital-native client unit and expanding wealth planning capabilities with new advisory teams to serve next-generation clients.

Leadership Team

Christian Sewing

CEO, Deutsche Bank AG

Claudio de Sanctis

Head of Private Bank, Member of the Management Board

Christian Nolting

Global Chief Investment Officer, Private Bank

Deepak Puri

CIO Americas, Private Bank

Raffael Gasser

Head of Wealth Management & Private Banking, Germany

James von Moltke

President & Chief Financial Officer (until March 2026)

Salman Mahdi

Global Vice Chairman, Private Bank

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