Deutsche Bank Alex. Brown, the US Private Client Services (PCS) division of Deutsche Bank Securities Inc. and Deutsche Bank Private Wealth Management, today announced that Rick Faby has joined the firm as a Managing Director and Regional Executive in Baltimore. He reports to Michael Burke, Managing Director and Head of US Private Client Services.
Faby will be responsible for the oversight and expansion of Deutsche Bank Alex. Brown’s Baltimore branch office and for achieving the firm’s growth objectives. He succeeds Bill Baird, who has been appointed to head up the Branch Supervisory Organization.
Faby joins the bank after more than a decade at Morgan Stanley, where he was a Senior Vice President, Head of the Baltimore operation, and helped launch the firm’s North Baltimore office and five others.
"I’ve known Rick for several years, so I’m extremely pleased that he has joined Deutsche Bank Alex. Brown," said Burke. "His reputation in the market as a client-focused business leader with a proven track record of attracting, retaining and developing client advisors will be invaluable to us as we build on our strong presence and 207-year history in Baltimore."
"Baltimore continues to be a rapidly growing market for high-net-worth and ultra-high-net worth clients and is an important region for us," said Thomas Bowers, Head of the US Private Wealth Management Division. "Under Rick’s leadership I am confident that Deutsche Bank Alex. Brown Baltimore will continue to expand its strategic and full-service capabilities that meet the needs of our high net worth clientele."
Faby holds a BA in Management from Franklin & Marshall College in Lancaster, PA.
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Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1,128 billion in assets and 68,849 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank Alex. Brown is the private client services division of Deutsche Bank Securities Inc., the investment banking and securities arm of Deutsche Bank AG in the United States and a member of NYSE, NASD and SIPC. Deutsche Bank Alex. Brown, which is also part of Deutsche Bank's Private Wealth Management business division, provides a variety of customized solutions to private clients in the US, including traditional and alternative investments, brokerage, investment advisory programs, risk management strategies, lending, corporate cash management and wealth management services through branch offices in 14 cities across the US.
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