New York, July 11, 2007

Deutsche Bank Private Wealth Management announces California and New York Private Bank hires


Mark Pittsey Appointed Office Director for San Francisco Private Bank

Deutsche Bank Private Wealth Management (PWM) today announced that Mark Pittsey has joined the Bank’s Private Bank office in San Francisco as a Managing Director and Office Director reporting to Michael J. Davis, a Managing Director and Head of the Western Region for the US Private Bank. In his new position, Pittsey is responsible for the oversight and expansion of the San Francisco Private Bank sales force and will work with ultra-high-net-worth individuals and families.  

Pittsey has more than 15 years of financial services experience and joins the firm from Wells Fargo Private Client Services where he was most recently a Senior Vice President and Regional Manager for San Francisco and Marin County. He earned a BA from California State at Long Beach.

Deutsche Bank PWM also announced the following appointments:

  • Susan Burnett has joined as a Managing Director and Private Banker in the firm’s Los Angeles office, also reporting to Davis.
  • James Herlihy has joined as a Managing Director and Private Banker in San Francisco, reporting to Mark Pittsey.
  • Jeff Saccacio will join PWM’s Orange County office as a Managing Director and Head of Wealth Planning for the Western US. He will report jointly to Davis and Andrew Gallivan, a Managing Director and Head of US PWM Trust.
  • Maryann Robinson will join the bank as a Managing Director and Private Banker in New York and will report to Kyle Delaney, Head of Eastern Region for the US Private Bank.
  • Colin Koester has joined PWM as a Director and Private Banker in the New York office, reporting to Delaney.


Burnett works with ultra-high-net-worth entrepreneurial clients with an emphasis on individuals in the commercial real estate and financial sponsors sectors. She has more than 22 years of financial services experience and joined the firm from Citigroup Private Bank where she was a Managing Director and Relationship Manager.  Prior to Citigroup, she was the President of Ninth Square Association. Burnett earned a BA from Queens College and an MBA from UCLA.

Herlihy works with ultra-high-net-worth individuals and families in the Bay Area.  He has more than 30 years of financial services experience and joins the firm from Citigroup Private Bank where he was a Managing Director and Senior Private Banker.  Prior to that, he worked at Bank of America where he was involved in Latin American corporate finance and US credit markets. Previously, he headed up Chase Manhattan Bank's San Francisco Private Bank. Herlihy earned an MBA and LLB from the London School of Economics.

In this new role, Saccacio will work closely with PWM’s West Coast Private Bankers to generate fiduciary business and with Investment Advisors to provide integrated wealth management plans, including asset allocation to clients. He will join PWM from Citigroup Private Bank where he was a Managing Director and Wealth Strategist.  Previously, he was a Client Service Director at MyCFO, Inc. and a Partner in the Personal Financial Services practice for the Western Region of PricewaterhouseCoopers. Saccacio holds a BBA in Accounting from the University of Notre Dame and has earned the Chartered Financial Consultant designation.

Robinson will work with ultra-high-net-worth individuals and families in the New York metropolitan area. She has more than 25 years of financial services experience and will be rejoining the firm from HSBC where she was a Senior Vice President in the Domestic Private Bank. Prior to HSBC she was a Vice President and Relationship Manager at Deutsche Bank. She earned a BA from Saint Mary's College, Notre Dame, and an MA from Northwestern University.

Koester also works with ultra-high-net-worth individuals and families in the New York metropolitan area. He will join the firm from HSBC where he is a Vice President and Private Banker. Previously, he was a Vice President in Private Lending at Bank of America. He earned a BS from the University of Indiana and an MBA from Washington University. In addition, he earned the Chartered Financial Analyst designation.

“These important hires reflect our commitment to aggressively grow our US Private Banking business, which is a core strategic priority of Deutsche Bank,” said Thomas Bowers, Head of the US Private Wealth Management Division.


For further information, please call:

Mayura Hooper                        
+1 (212) 250-5536
Media Relations, Deutsche Bank


About Deutsche Bank

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 73,114 employees in 75 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 Private Wealth Management

Deutsche Bank Private Wealth Management has been serving the interests of wealthy individuals, families and select institutions for more than a century. With offices across the U.S., Deutsche Bank's Private Wealth Management business division provides a variety of customized solutions to private clients worldwide including traditional and alternative investments, risk management strategies, lending, trust and estate services, wealth transfer planning, family office services, custody and family and philanthropy advisory. Private Wealth Management includes the U.S. Private Bank and Deutsche Bank Alex. Brown, 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.  

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