Tay joined the firm in October from Standard Chartered Bank, where he was global head of private equity and real estate. He played a role in sourcing, structuring and managing customised private equity and real estate opportunities for private banking clients. In his new role, he reports to Lavanya Chari, head of global products and solutions for APAC and Michael Isikow, global head of private markets.
Lilley, who assumed his role in September, reports to Joyce Ngan, the head of fund solutions for APAC. Lilley joined from Taurus family office where he was head of client investments specialising in traditional and alternative funds. He was responsible for global market and macroeconomic strategy and for overseeing the portfolio review framework for clients.
Both are based in Singapore.
Last year, the IMF called Deutsche Bank AG the greatest risk to the global financial system.
But the bank’s wealth management arm has been actively hiring this year, making close to 40 new hires in Hong Kong, Singapore and Dubai across different functions to support its growth strategy, officials said.
In an earlier interview, Tuan Huynh, the head of discretionary portfolio management for Asia-Pacific, said he believes the parent bank’s restructuring plan will not limit the bank’s wealth management business goals.
