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Deutsche Bank boosts Asia bets as clients seek Wall Street alternative -CEO

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Christian Sewing, CEO of Deutsche Bank, poses after an interview with Reuters in Hong Kong, China September 8, 2023. REUTERS/Selena Li/File Photo Acquire Licensing Rights HONG KONG, Nov 9 (Reuters) – Deutsche Bank (DBKGn.DE) is investing more in Asia Pacific markets to woo clients seeking European lenders amid Sino-U.S. tensions and to profit from the region's higher economic growth compared to other major markets, its chief said. "From a capital allocation, technology allocation and a people allocation perspective, there is a direction of more resources to Asia Pacific," Christian Sewing, CEO of Germany's largest bank, told Reuters in an interview…

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