All four executives joined from The Bank of East Asia.
The Greater China team will be led by Gloria Sun, who has been named as managing director and group head. She will be responsible for acquiring new clients and raising assets in the region. She reports to Kanas Chan, head of wealth management coverage for North Asia.
The other team members are Winson Hung, director and investment advisor; Gary Lu, vice president and relationship manager; and Nora Lai, assistant vice president and relationship manager.
The firm also made nine other new hires in Hong Kong, Singapore and Dubai who are responsible for client coverage, project management, IT and know-your-client activities, according to the statement.
“We are now fully focused on business growth and hiring in the region,” Lok Yim, head of Deutsche Bank WM for Asia-Pacific, said in the statement. “Here in Asia, we had a great first quarter with strong client demand and double-digit revenue growth,” he added.
Globally, the firm managed client assets of around €304bn ($340.59bn) as of the end of March, according to the statement.
In an earlier interview, Tuan Huynh, the head of discretionary portfolio management for Asia-Pacific, said he believes the bank’s wealth management business goals will not be limited by the parent bank’s restructuring plan.
Last year, the IMF called Deutsche Bank AG the greatest risk to the global financial system.
