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Deutsche Bank Boosts Family Office Bet to Target World’s Rich

The head of the bank’s EMEA wealth-management unit is hiring to service family offices.

Photographer: Alex Kraus/Bloomberg
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Marco Pagliara is looking to shake up one of the world’s most exclusive markets.

The chief executive officer of Deutsche Bank AG’s wealth-management unit for Europe, the Middle East and Africa wants to bolster the lender’s global share in the high-touch business of serving family offices, the discrete firms that manage the finances of the ultra-wealthy.