Deutsche Wealth pulls from Credit Suisse for new role

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The bank has hired Credit Suisse’s Asia-Pacific head of portfolio solutions to fill the APAC head of advisory role.

Tan Wei Tei, Deutsche Bank Wealth Management

Deutsche Bank Wealth Management has appointed Tan Wei Mei as Singapore-based head of advisory and investment solutions for Asia-Pacific.

In this newly-created role, Tan will be responsible for building the bank’s wealth advisory platform, an area in which the bank is investing in, according to a statement from the firm.

She will report to Lavanya Chari, interim global head of global products and solutions.

“We will gradually build up our wealth advisory team with a mandate to provide sophisticated advice on investment opportunities and trade ideas,” Chari, who is also the emerging markets head of global products and solutions, said in the statement.

Before Deutsche Wealth, Tan was Credit Suisse’s Asia-Pacific head of portfolio solutions, products and solutions for private banking since 2014, according to the statement. In that role, she oversaw Credit Suisse’s discretionary and advisory mandates in the region. Before that, she was Asia-Pacific head of mandate specialist for investment management at UBS.

Last year, Deutsche Wealth hired at least 100 employees globally to ramp up its wealth management business, as well as build out its digital capabilities, according to the statement. Recent senior appointments include John Lilley, fund solutions specialist, and Wee Teck Tay, head of private markets for Asia-Pacific, both of whom are based in Singapore.

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