Deutsche Private Bank (PB) is setting up a dedicated team focused on ultra-high net worth and Family office clients, according to internal memos seen by FSA.
“This new emerging market investment management model will enable differentiated investment management coverage type based on client classification criteria to offer a more comprehensive and effective solutions and services to our clients,” said a spokesperson.
Chin-Kit Lee has been appointed head investment manager for Southeast Asia, effective immediately, which is in line with the German private bank’s broader emerging markets strategy.
Seok-Peng Ang, Hui-Ling Lim and Inka-Kristie Yohanda will be responsible for supporting relationship managers in the coverage of this client segment, working alongside the rest of the Southeast Asia investment management team to ensure that those clients and prospects have access to bespoke solutions and the full spectrum of our capabilities.
All three will have an additional reporting line to Filippo Rocchi who will ensure coordination and synergies of initiatives in this segment across all emerging market sub-regions.
Deutsche PB also announced a reorganisation of its North Asia investment management team, effective 1 July 202, as part of its broader private bank emerging markets strategy.
An ultra-high net worth (UHNW) / Family Office desk will be setup to address the institutional/sophisticated needs from this segment of clients.
Fionn Lo, Stephen So and Mac Lu will take on additional responsibilities from their existing client coverage roles to support relationship managers in the coverage of this client segment working alongside the North Asai investment management team.
Their current direct reporting line will remain unchanged and they will have an additional dotted-line reporting to Filippo Rocchi to ensure co-ordination and cross-fertilization on UHNW client across emerging markets.
In addition, Deutsche PB will launch an investment service team that will be focused on serving clients with more standardised investment needs in a more efficient and scalable manner.
The objective of this team is to offer a more consistent coverage to this client segment and further deepen these relationships to their full potential. Edward Cheung will lead this team, reporting to Cedric Ko. Joyce Ching and Jenny Lau will also be assigned to this team, reporting to Cheung.
