Deutsche Bank named Best Private Bank in Germany (2024)

Deutsche Bank Wealth Management has been named “Best Private Bank in Germany” by the Financial Times publications “Private Wealth Management” and “The Banker” in the Global Private Banking Awards 2021.

The publications underline that various factors led to these results, including customized solutions, on both the investment and lending side, a close collaboration across the bank, their own capital markets desk and the financial engineering expertise. The judges also praised Deutsche Bank's ability to meet both the business and personal needs of entrepreneurs.

Frank Schriever, Head Wealth Management Germany, said: “This prestigious accolade is great testament to the team’s hard work in delivering international solutions, risk management and sustainable performance for our clients in a rapidly changing environment.”

Judges also had praise for the integrated business model that is particularly suited to cover both the corporate and private needs of entrepreneurs which is a key growth driver and underlines the distinct value Wealth Management in Germany offers to entrepreneurs.

Schriever added: “Deutsche Bank Wealth Management in Germany remains the clear market leader in a highly competitive environment. We offer our clients international expertise and access to our Corporate Bank and our Investment Bank in order to serve their private and business needs. At the same time, we are committed to becoming the bank of choice for clients who wish to make positive social change.”

Also highlighted were product offerings such as the Strategic Asset Allocation funds, an ETF-based fund range launched in April 2020, and the Strategic Income Allocation funds, which were launched in June this year and in which clients have invested strongly. “With clients demanding expertise in areas such as ESG, alternatives and technology, PWM’s awards celebrate success for those banks which stay one step ahead”.

The winners were decided by an independent panel of 16 judges from four continents.

Deutsche Bank named Best Private Bank in Germany (1)

Deutsche Bank named Best Private Bank in Germany (2024)

FAQs

Which is the best Private Bank in Germany? ›

In addition to being named World's Best for Entrepreneurs, World's Best for Ultra High Net Worth and World's Best Transformation, Deutsche Bank was named Western Europe's Best for Ultra High Net Worth and High Net Worth, and won many other individual awards for its private banking business in Germany, Belgium, Italy, ...

What is Deutsche Bank ranked in Germany? ›

There are a total of 200 private banks. Among these 200 private banks, one of the top banks in Germany is Deutsche Bank, at rank 1. Second-tier: The second tier of banks is publicly owned savings banks. There are 400 publicly-owned savings banks.

What is Deutsche Bank best known for? ›

Deutsche Bank was founded in 1870 in Berlin as a specialist bank for financing foreign trade and promoting German exports. It subsequently played a large part in developing Germany's financial services industry, as its business model focused on providing finance to industrial customers.

Is Deutsche Bank a Private Bank? ›

The Private Bank is one of the four pillars of Deutsche Bank Group, along with the Corporate Bank, Investment Bank and DWS, the institution's asset management unit. Deutsche Bank is the leading bank in Germany with a global network and strong European roots.

Which is the most powerful private bank? ›

HDFC Bank, formed in 1994 as a subsidiary of Housing Development Finance Corporation (HDFC), ranks first among the top private banks in India. Also, based on market capitalisation and assets, it is the largest private bank in India. HDFC Bank offers multiple personal banking services.

What is the most powerful bank in Germany? ›

The biggest private German bank, which is highly active on a scale, is Deutsche Bank. Its headquarters are located in Frankfurt. Other significant private banks include Commerzbank and UniCredit Bank AG.

Why is Deutsche Bank so famous? ›

With more than 90,130 employees in over 57 countries worldwide, Deutsche Bank offers unparalleled financial services throughout the world. The Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

What is the safest Bank in Germany? ›

The best bank in Europe is KfW in Germany, which was voted number one in the list of the 50 safest banks in Europe 2024. KfW's rank as the most secure bank goes beyond Europe, too–being ranked number one for twelve years in a row for the World's Safest Banks by the US finance magazine Global Finance.

Is Deutsche Bank a strong Bank? ›

What Deutsche Bank stands for. Deutsche Bank was founded in 1870 to accompany German companies abroad. Today, it is the leading bank in Germany with a strong position in Europe, represented in 57 countries around the world and globally networked.

Can I open an account with Deutsche Bank in the USA? ›

Deutsche Bank is a leading provider of financial services to agencies, corporations, governments, private individuals and institutions in the Americas.

Who is the Deutsche Bank owned by? ›

The ownership structure of Deutsche Bank AG (DB) stock is a mix of institutional, retail and individual investors. Approximately 28.95% of the company's stock is owned by Institutional Investors, 0.10% is owned by Insiders and 70.95% is owned by Public Companies and Individual Investors.

How is Deutsche Bank different from other banks? ›

Client centricity

a leading European Corporate Bank based in Europe's largest economy, the Investment Bank focussing on its traditional strengths in financing, advisory, fixed income and currencies.

Is Deutsche Bank an American Bank? ›

In October 2001, Deutsche Bank was the first German bank to list on the NYSE and one of the largest foreign-based employers in New York City.

What is the minimum balance in Deutsche Bank? ›

This type of savings account needs just a minimum balance of Rs. 15,000. Easy Savings AccountThe easy Savings Account requires minimum maintenance and is popular among many first-time savers. You do not have to maintain a certain amount as Average Quarterly Balance (AQB) unlike many other types of savings.

Does Deutsche Bank have branches in the US? ›

Deutsche Bank locations

Deutsche Bank is headquartered in New York, NY and has 15 office and retail locations located throughout the US. See if Deutsche Bank is hiring near you. Do you work at Deutsche Bank?

Which is the best bank for private banking? ›

  • The Private Banking Top 10 List.
  • UBS.
  • Morgan Stanley.
  • Bank of America.
  • J.P. Morgan Private Bank.
  • Citigroup.
  • BNP Paribas.
  • Goldman Sachs.

Which bank has the best private bank? ›

J.P. Morgan Private Bank is named 2024's “World's Best Private Bank” for the fifth year in a row. For its ninth annual World's Best Private Banks Awards, Global Finance Magazine ranked J.P. Morgan Private Bank* first overall.

What is the best private bank in Europe? ›

COUNTRY CATEGORIES
CATEGORYWINNERHIGHLY COMMENDED
Best Private Bank in FinlandNordea Bank
Best Private Bank in FranceIndosuez Wealth ManagementBNP Paribas Banque Privée
Best Private Bank in GermanyDeutsche Bank
Best Private Bank in GreeceEurobankAlpha Bank S.A.
45 more rows

Which bank is best in Germany for foreigners? ›

The best banks for foreigners are N26 and bunq. I use N26 since 2016, and I recommend them. Revolut and Wise are also good options, but they have a low free withdrawal limit, and no German IBAN. None of these banks give you a Girocard.

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