Deutsche Bank Raids Standard Chartered Team for China Wealth

Deutsche Bank Raids Standard Chartered Team for China Wealth

Deutsche Bank AG has added nine Standard Chartered Plc bankers to its team servicing wealthy clients in China and Hong Kong, according to a person familiar with the matter, continuing a raid on its London-based rival that began with the hiring of Boris Kwok.The appointments, which were made in recent months, bring Deutsche Bank's total hires from Standard Chartered for its private bank to about 30 this year, the person said, asking not to be identified as the matter is private. In