The new hires represent an addition to the wealth manager’s current team of around 200 RMs in Asia-Pacific, but a spokeswoman declined to break down the numbers by country.
The new hires have been poached from two competitors.
Jonathan Ng came from BNP Paribas Wealth Management Singapore on 8 November. He assumed the newly-created role of group head and now reports to Kin-Mun Kwong, head of wealth management coverage for Southeast Asia.
He brought with him two RMs, Rachel Salomon and Jonathan Tanudjaja, as well as a service assistant.
The second team consists of two RMs: Gregory Goh, who is the team leader, and Greta Tang. Both joined from Nomura Singapore on 20 November. Goh now reports to Malcolm Tay, group head for Southeast Asia.
Deutsche Bank WM has been making a push to bolster its presence in the region. Earlier this year, Lok Yim, head of the wealth management division for Apac, announced that Apac will account for half of newly-hired, client-facing employees. In addition, so far this year the firm has hired 50 operations, information technology, project management and compliance staff.
In November, the firm announced two new senior hires in its private banking division in Singapore, having poached Wee Teck Tay and John Lilley from Standard Chartered.
In an earlier interview, Tuan Huynh, the head of discretionary portfolio management for Asia-Pacific, outlined the firm’s plans to expand its discretionary mandate business.
