European investment banks are gearing up to win Asian business from their US peers as geopolitical tensions between the White House and China force corporate clients to “rebalance” their relations with big banks.
Speaking to The Banker on the sidelines of the Banking Summit Asia in Hong Kong today, Deutsche Bank’s Apac CEO Alexander von zur Mühlen said there is a trend affecting clients whereby “our European roots and global orientation are attractive to many clients in Asia, particularly in this environment”.