Latest news with #NaveedArshad
Yahoo
08-07-2025
- Business
- Yahoo
Deutsche Bank Revamps German Wealth Management Unit to Boost Growth
Deutsche Bank AG DB is restructuring its German business by consolidating its services for wealthy and high-net-worth clients, which were previously organizationally separate, into the Wealth Management unit to drive growth and efficiency. As part of the restructuring, Deutsche Bank will streamline its offerings within the Wealth Management division to better serve a broad spectrum of clients, from digitally savvy individuals seeking convenient investment tools to high-net-worth entrepreneurial families requiring complex, personalized advisory services. The bank is also making targeted investments in digital platforms and launching a dedicated unit for the growing demographic of digitally native wealthy clients. This unit will combine personal advisory support with intuitive digital solutions. To lead this, Naveed Arshad has been appointed, focusing on clients who prioritize digital-first interactions. To address the evolving financial needs of clients across various life stages, Deutsche Bank is establishing Wealth Planning Germany, a specialized division within Wealth Management. This expert team will advise clients on structuring complex family assets, creating pension and retirement strategies, and managing intergenerational wealth transfers, such as trusts and estate planning. Lisa-Marie Wöhrle will head this new division, concentrating on retirement and inheritance advisory for wealthy families. The reorganization reduces management layers and introduces six regional clusters, improving responsiveness and fostering closer collaboration with Deutsche Bank's Corporate Bank. This integration will enhance advisory services for entrepreneurial families, offering a unified view of both private and business assets, a key differentiator in the wealth management space. Raffael Gasser, the head of Wealth Management Germany, stated, "With our strategy, we are laying the foundation for outgrowing the market as the clear number one in wealth management in Germany and gaining further market share. We now serve previously separate client segments under a single management team.' 'This creates new development opportunities for our employees. In the future, our clients will benefit from advice and a product offering that we tailor even more specifically to their specific needs – both personally and digitally," Gasser added. Overall, Deutsche Bank's pivot toward capital-light, client-oriented business lines, such as wealth management, private banking and corporate banking, appears to be gaining momentum. With this, the bank is increasingly positioning itself as a comprehensive financial partner for clients navigating complex personal and business financial landscapes. Over the past three months, DB shares have gained 31.1% on the NYSE compared with the industry's rise of 21.4%. Image Source: Zacks Investment Research Currently, Deutsche Bank sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. A few other top-ranked foreign bank stocks are The Toronto Dominion Bank TD and Bank of Montreal BMO. The Zacks Consensus Estimate for TD's 2025 earnings has been unchanged for the past seven days. In the past three months, its shares have risen 30.5%. TD currently sports a Zacks Rank of 1. The Zacks Consensus Estimate for BMO's 2025 earnings has been unchanged for the past seven days. Its shares have rallied 23.5% over the past three months. BMO presently carries a Zacks Rank of 2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deutsche Bank Aktiengesellschaft (DB) : Free Stock Analysis Report Bank Of Montreal (BMO) : Free Stock Analysis Report Toronto Dominion Bank (The) (TD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Recorder
26-06-2025
- General
- Business Recorder
87pc of people support action to reduce impacts of climate change: survey
LAHORE: An international survey conducted across 17 total countries, including Pakistan, was commissioned by the Global Methane Hub to gauge public support for climate change solutions, particularly efforts to reduce methane pollution. In Pakistan, the survey was conducted in collaboration with LUMS. According to the survey, 87% of Pakistanis support action to reduce the impacts of climate change, with 51% expressing strong support. 80% back efforts specifically aimed at reducing methane emissions, including 44% who strongly support such measures. In Pakistan, public awareness of climate change is remarkably high: 96% of respondents affirmed their belief in climate change, with 71% attributing it to human activities—a figure that aligns with global trends. Among environmental concerns, water quality was ranked as the top issue, with 61% expressing strong concern, followed by air quality at 58% and climate change at 57%. 'Communities that are feeling the most heat—literally—are also the most vocal in calling for climate action,' said Marcelo Mena, CEO of the Global Methane Hub. 'Cutting methane is one of the fastest ways to bring temperatures down, and people know it. It's not just science—it's a direct response to what they're experiencing on the ground.' Amid increasing threats from heatwaves, floods, and worsening air pollution, 44% of Pakistanis expressed strong support for methane-specific climate action. Among the four Asia-Pacific countries surveyed, Pakistan, the Philippines (43%), and Indonesia (59%) all demonstrated a strong demand for policy action on methane, positioning the region as a leader in climate advocacy. 'Communities across Pakistan are already living through the harshest effects of climate change, from extreme heat and floods to droughts and toxic air. Evidence from secondary sources suggests that the country emits significant levels of methane, driven by a large agriculture sector, unmanaged waste, and an aging gas network. This survey is a timely wake-up call, underscoring the need to measure emissions, raise awareness, and implement targeted, practical solutions,' said Dr Naveed Arshad, Director of LUMS Energy Institute and Professor at LUMS. Pakistanis blame large oil and gas companies, waste management corporations, and agricultural producers most for environmental harms. In a separate question, respondents identified oil and gas companies, waste management organisations, and international government systems as the actors most capable of effectively addressing climate change. Vast Majority of Pakistanis Support Action on Methane Pollution, Blame Industry for Harms Copyright Business Recorder, 2025
