Deutsche Bank, a newcomer to U.S. private banking, is aiming to have $10 billion under management by the year 2000.

The German banking behemoth has already amassed $3.5 billion of assets under management in its two-year-old subsidiary, Deutsche Bank Trust Co. It is now counting on its AAA credit rating and sterling reputation to rev up its U.S. private banking effort.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.