Deutsche Bank’s combined asset and wealth management business enjoyed its first quarterly net inflows in almost two years, helping pre-tax profits to rise 6% from a year earlier, as the bank declared the integration of the businesses implemented late last year was “progressing to plan”.

In a surprise results announcement made late today, a day ahead of schedule, Deutsche Bank revealed its asset and wealth management unit, which was created in a restructuring last September, drew €6bn in net inflows in the three months to the end of March.