November 10, 2023

Deutsche Bank honoured for best wealth management in Germany


The Financial Times publication "PWM - Professional Wealth Management" recognises Deutsche Bank as the "Best Private Bank in Germany" – its wealth management is particularly appreciated.


Deutsche Bank has won title of Best Private Bank in Germany by the highly respected Professional Wealth Management (PWM) magazine, published by the Financial Times, in this year’s Global Private Banking Awards 2023.


Deutsche Bank won the award for growing market share among UHNW individuals. 


Global Head of the Private Bank, Claudio de Sanctis said: “Today the PWM magazine has recognised our German wealth management and private banking team as the best in the industry. This is fantastic recognition of the work the team has put in year after year to serve our German clients in the best possible way.”

Private Bank’s Wealth Management business in Germany significantly expanded market leadership in the home market for the third year in a row.


Head of Wealth Management & Private Banking Germany, Lars Stoy said: “We are growing at an above-average rate among high-net-worth individuals. Being close to our clients, with a unique client service model and offering them global house bank service makes us unique in German wealth management.”


The award was announced yesterday at PWM’s annual awards ceremony in London.


In another category, PWM also recognised the leadership of Claudio de Sanctis, naming him the Best Leader in Private Banking.


Claudio said: “I’m humbled by this award and I’m happy to receive it, but it ultimately should go to my team, who day-in and day-out work as one unit to try to deliver the best result for Deutsche Bank.”


PWM also highly commended Deutsche Bank for Private Bank’s Bank for Entrepreneurs.


For further information please contact:


Deutsche Bank AG                                       

Media Relations         


Communications Private Bank Germany

Julia Yesil 

About Deutsche Bank

Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.

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