Around 30 people may lose their jobs at Deutsche Bank Wealth Management in London, as the bank continues its cost-cutting drive.

The bank said in July it would aim to cut 18,000 roles by 2022, mostly in the investment bank.

However, departures allegedly include senior figures in the wealth business including MD Tom Slocock, a source told thewealthnet. Mr Slocock is reportedly looking at other opportunities within the bank.

Another source within the bank familiar with the situation said a number of roles were “at risk”, though almost all in the back office. Those that had been disestablished w...