Deutsche Bank’s appointment as one of the global co-ordinators for the American International Assurance initial public offering will be seen at the bank’s Frankfurt headquarters as further vindication of the attention it has been paying to expanding in Asia .

Deutsche’s revenues from Asia – not including Japan or Australia – have increased 300 per cent over the past four years, while the bank has taken on 2,000 of its 17,400 regional staff within the past year. Including Japan, Asia contributes about 18 per cent of total revenues at Germany’s largest bank – up from 4 per cent in 1995.