Deutsche Bank Wealth Management (DBWM) will “significantly” accelerate its ESG strategy, adopting a new ratings strategy and expanding its product and event offering.

DBWM said the move was fuelled by “a new generation of wealthy clients increasingly ask their advisers to help them add purpose to investment performance”.

The wealth business would adopt ESG ratings from MSCI, which gives firms a rating from CCC to AAA based on whether they are a laggard or a leader when it comes to managing ESG risk.

It is also further extending its ESG product offering across discretionary wealth management and investm...