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.

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.