Deutsche Bank AG v Chang Tse Wen

A private bank providing execution-only services does not, without more, assume a tortious or pre-contractual duty to advise its customer on the management of his wealth or his investment portfolio; whether any advisory duty of care arises depends on a careful, fact-sensitive analysis of the contractual arrangements and the conduct of the parties, and a 'pre-contractual' duty to advise will not readily be inferred.