“The growth characteristics for our market is strong and it makes sense to invest in the US.” He added that the company uses “a very mature business model for delivering firm-wide solutions to our clients.”

According to a report on Financial Times, Mr Campion, who is a former chief executive of HSBC’s US private bank said the new group chief executive Christian Sewing is very encouraging toward his division and comes with an outlook to ‘grow, grow, grow’.

He plans to recruit bankers “who have a heritage of building strong books” —from cities like New York, California and Miami. In his option, Deutsche used “a very mature business model for delivering firm-wide solutions to our clients” and his team had a “very good culture of collaboration” with respect to other divisions in the bank.

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