Deutsche Bank Seeks to Boost Loans for Rich Sports Investors

Deutsche Bank AG is ramping up efforts to finance sports investments for super-rich clients as the sector increasingly attracts higher valuations and matures as an asset class.

Germany’s biggest bank appointed Sowmya Kotha in London and Joshua Frank in New York to focus on the sports sector in Europe and the US, according to a statement on Wednesday from the Frankfurt-based firm. The pair of executives and Deutsche Bank veterans, both of whom work in the financing unit of the company’s wealth business, will report to Adam Russ, head of wealth management and business lending.

Claudio de Sanctis

Photographer: Ore Huiying/Bloomberg

“Sports has become ...