Hong Kong, May 4, 2010

Deutsche Bank boosts North Asia wealth planning team


Deutsche Bank Private Wealth Management (PWM) announced today that it has further strengthened its operations in North Asia by appointing Teddy Chu as Head of Wealth Planning North Asia and Andrew Chan as Wealth Planner with immediate effect.

In their Hong Kong-based roles, Mr Chu and Mr Chan will be focused on creating wealth preservation and succession solutions for Deutsche Bank’s PWM clients in North Asia. Mr Chu will also assume responsibility for leading the wealth planning operations for the North Asia market. They both report to Singapore-based Mark Smallwood, Head of Wealth Management Solutions Asia Pacific.

Commenting on the appointments, Mr Smallwood said: “Succession planning and wealth management has increasingly become a key concern, particularly among high net worth individuals in Asia.

“The caliber of these hires clearly demonstrates our commitment to advancing Deutsche Bank’s position as a leading private bank, providing the most innovative wealth management services and holistic solutions to our growing pool of clients in North Asia.”

Prior to joining Deutsche Bank, Mr Chu and Mr Chan held senior wealth planning positions at HSBC Trustee in HSBC Private Bank in Hong Kong. Mr Chu graduated with a Bachelor of Commerce from University of Toronto while Mr Chan holds a Bachelor of Science in Statistics from the University of Bath, United Kingdom. They are both full members of the Society of Trust and Estate Practitioners.


For further information, please contact:

Deutsche Bank AG

Terence Ng
Phone: +65 6423 8217
E-Mail: terence.ng@db.com


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 80,849 employees in 72 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.

http://www.db.com/




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