One day on from announcing Kansas Chan as the new head of North Asia wealth management, Deutsche Bank has made an addition to its Greater China wealth unit.

Terry Tung 512Terry Tung joins the bank as Managing Director with immediate effect. Tung (pictured) will be based in Hong Kong. He will take on the role of Team Head providing wealth management client coverage in the Greater China region, according to a memo seen by finews.asia. He joins Deutsche from Swiss rival UBS where he covered Ultra High Net Worth clients in the Greater China region.

Prior to that position Tung covered China with HSBC Private Bank also out of Hong Kong.