Deutsche Bank has made significant investments in technology this past year, but remains unclear on whether its client base in the U.S. would prefer robos over actual advisors, one of its top executives says.

Chip Packard, who co-heads the U.S. wealth management unit for Deutsche, discusses technology, automation as well as the firm's recruiting efforts in this Q&A with On Wall Street. Packard was interviewed before sources indicated Deutsche was in talks with Raymond James to possibly sell the firm's U.S. private client group to the super regional.

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