senior figure – he was former chief executive of HSBC’s US private bank who joined Deutsche in 2016. 

“We’re getting dollar investment going into the unit for headcount . . . there’s great access to the management board,” he was quoted by the FT as saying. “The growth characteristics for our market is strong and it makes sense to invest in the US,” he said. 

Campion reportedly said he planned to hire bankers “who have a heritage of building strong books” from New York to California to Miami. His division is also “looking at” potential hires from the investment bank but had not yet made any.