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Investment Banking

Deutsche Bank wants to outrank European rivals in dealmaking push

'We’ve been hiring, particularly on the coverage side, and this gives us some time to re-engage with clients and rebuild'

In June 2019 Christian Sewing unveiled a plan to hive off more than $300bn in unwanted assets and cut 18,000 jobs as Deutsche Bank looked to shrink its operations
In June 2019 Christian Sewing unveiled a plan to hive off more than $300bn in unwanted assets and cut 18,000 jobs as Deutsche Bank looked to shrink its operations Photo: Bryan van der Beek/Getty Images

Three years on from a radical overhaul of its business, Deutsche Bank is eyeing an investment banking revival that will see it challenge European rivals on their home turf.

The German lender is aiming to become the top European investment bank in the region, senior executives told Financial News, as it comes to the tail end of a cost-cutting programme unveiled in 2019 that will eventually cut 18,000 jobs.

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