Deutsche Bank Chief Says Trade Turmoil Is Driving Client Demand

Deutsche Bank AG Chief Executive Officer Christian Sewing said the uncertainty created by the US tariff policy is fueling demand from corporations and individuals seeking to diversify.

“Our clients want to have a European alternative to the US banks,” Sewing said in an interview on Bloomberg Television. “And there are not so many European banks left with a full investment bank, with a full corporate bank, with a global network in over 60 countries.”

Sewing on Monday presented a new investment drive by some of Germany’s largest corporations. The money pledged to help jumpstart growth in Europe’s largest economy includes ...