Deutsche Bank Appoints Co-Heads FX Advisory
Deutsche Bank has unveiled a revamped leadership structure for its Investment Management FX Advisory (FXA) business in Asia, alongside a series of senior hires aimed at strengthening its foreign exchange advisory capabilities for private banking clients in Hong Kong and Singapore.
The restructuring comes as the bank seeks to deepen expertise and enhance execution capabilities across its emerging markets and G10 foreign exchange advisory platform, it says in a memo.
As part of the changes, Deutsche Bank has appointed Kent Lee (picture below) and Divik Maheshwari as Co-Heads of FX Advisory for Asia. Lee, who recently rejoined Deutsche Bank in April and is based in Hong Kong, will share responsibility for the FXA business across Hong Kong and Singapore with Maheshwari. Both executives will report directly to senior management.
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Lee returns to Deutsche Bank with more than 20 years of experience in FX advisory within private banking. Prior to rejoining the bank, he held senior roles at HSBC Global Private Banking and EFG Bank. He previously worked at Deutsche Bank between 2013 and 2021.
The bank said Lee brings extensive expertise across emerging markets and G10 foreign exchange, as well as experience in direct client coverage, margining frameworks and platform development.
Under the new structure, Lee and Maheshwari will oversee the bank’s emerging markets FX advisory platform, with a mandate to strengthen advisory standards, reinforce risk discipline and expand the sophistication of FX solutions offered to clients.
New Hires for HK-based FX Advisory team
In addition to the leadership changes, Deutsche Bank announced several new hires for its Hong Kong-based FX Advisory team. Dawn Chong (picture below) joined the bank as a Director, bringing experience from institutions including Standard Chartered, Bank of Singapore, Barclays and Credit Suisse. Deutsche Bank said Chong has a strong track record in building FX advisory businesses and supporting clients through volatile market environments.
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The bank also announced that Jet Chan (picture below) will join the team as Vice President on 20 July. Chan brings expertise in FX options, forwards and volatility strategies across both G10 and emerging markets currencies. His background spans both trading and sales roles across global markets and private banking.
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The appointments reflect Deutsche Bank’s continued investment in its private banking and foreign exchange advisory franchise in Asia, as competition intensifies among global wealth managers seeking to provide increasingly sophisticated investment and hedging solutions to high-net-worth clients.
The bank said the expanded leadership structure and strengthened advisory bench position the FXA business to deliver more resilient and forward-looking foreign exchange advice to clients and front-office teams across the region.
