Deutsche Bank's hiring push sees new additions in Asia, the Americas, and Europe with the promise of more to come.
Deutsche Bank intends to hire 300 additional client-facing employees by 2021, according to a media release on Monday. Last year, the bank had announced that it would aim to increase its share of revenues from more stable sources such as wealth management to 65 percent by 2021.
The plan is to increase the number of Relationship Managers and Investment Managers both by about one third as well as investing in its existing people, systems and technology.
Being a Top-Tier Global Wealth Manager
«These investments will set us on the path to achieving our ambition of being a top-tier global wealth manager,» said Fabrizio Campelli, Global Head of Deutsche Bank Wealth Management. «They focus on growth markets where we have a distinctive and attractive proposition to offer our target clients while maintaining sound operational, financial and non-financial risk management.»
The hiring push at Deutsche Bank has already achieved some momentum, with the most notable hires according to region being :
Emerging Markets
- Jackie Lit, from DBS Private Bank, RM, North Asia (covering China) (announced April 2019)
- Ahmed Hammouda, from Credit Suisse, Head of Kingdom of Saudi Arabia (KSA) desk Geneva
Americas
- Angel Chen, from City National, RM, Los Angeles (announced June 2019)
- Michael Rogers, from Merrill Lynch, RM, Los Angeles, New Head of West Coast (June 2019)
- Lori B. Jackson, from US Trust – RM, New York (Nov 2018)
- Wendy McMillan, from Wells Fargo, private banker in San Francisco (Oct 2018)
Europe
- Piers Harris, from Credit Suisse, RM UK (to start in Aug 2019)
- Marco Pagliara, from Goldman Sachs, Head of Northern and Eastern Europe (June 2019)
- Stefanie Ruehl Hofmann, from HypoVereinsbank/UniCredit, RM (started April 2019)
- Martina Fischer, from Goldman Sachs, UHNW banker, Germany (Jan 2019)
- Claudio de Sanctis, from Credit Suisse, Head of WM Europe (Dec 2018)
