Deutsche Bank's Private Wealth Management and Global Markets divisions join forces to expand FX Sales Coverage
Deutsche Bank today announced it will be offering high net worth clients unparalleled access to foreign exchange markets by combining the expertise of its Global Markets FX and Private Wealth Management businesses.
Building on the extensive range of FX products and services Private Wealth Management currently provides its clients, Deutsche Bank Global Markets is establishing a specialist private clients FX team alongside the existing institutional and corporate FX sales teams. This new global initiative will combine the award winning FX knowledge of Global Markets with the relationship management capabilities of Private Wealth Management, to deliver FX coverage to high net worth individuals who require institutional-like coverage consistent with their size and sophistication.
Heading up this initiative is Roger Posch who joined Deutsche Bank at the start of the year from UBS, where he was most recently head of corporate and institutional clients, Asia Pacific. Prior to this, Roger was head of FX distribution for direct access clients for UBS Zurich. He has over a decade of experience in FX markets, having begun his career as an FX trainee at SBC Warburg Dillon Read. Roger reports to Neehal Shah, Global Head of Investor Foreign Exchange Sales.
Joining Roger in London will be:
Christoph Ehrbar, formerly Head of FX Distribution for Wealth Management UK, UBS
Ian Henderson, who most recently worked on the UBS Wealth Management UK and European Corporate FX desks in London Nadeem Ladki from Hedge Fund and Middle East Private Client Sales, UBS
The team will also include two new hires in Zurich:
Martin Brunner, who previously worked in FX Sales for Direct Access Clients, UBS
Leong Kwok Liew, formerly Head of Group – Direct Access Clients, Credit Suisse
Zar Amrolia, Head of Global Foreign Exchange at Deutsche Bank said, “This joint venture represents an exciting opportunity to boost the service offered to Deutsche Bank’s high net worth clients within the FX space. Our foreign exchange business is ranked No.1 globally and is therefore best placed to meet the complex needs of sophisticated private clients with a full suite of FX products and services.”
David Campbell, Global Head of Private Wealth Management Investments and Sales commented “Wealthy clients, especially ultra-high net worth individuals are becoming more demanding in terms of investment solutions and increasingly are looking for an institutional level of service. This new initiative with Global Markets complements our existing FX services and will enable our clients to benefit from the expertise of the market leaders in FX.”
For further information, please contact:
(44) 207 545 4249
Global Markets Press and Media Relations
(44) 207 545 7790
Private Wealth Management Press & Media Relations
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 77,920 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.