Post-merger, the wealth management unit’s customers will retain the same advisors and benefit from more extensive access to investment opportunities.
The bank will merge the entire Bank Sal Oppenheim jr & Cie (Switzerland), a group subsidiary, into Deutsche Bank (Switzerland), based on the integration plan.
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The merger is expected to close by the end of December 2013, subject to regulatory approval from Swiss Financial Market Supervisory Authority and the subsidiary.
Currently, Deutsche Bank has a workforce of 78,000 employees, in more than 70 nations across the globe and offers banking and wealth management services, among others.
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