Deutsche Bank Wealth Management announced two senior hires to support its business growth in Asia.
Deutsche Bank Wealth Management (DBWM) announced new senior hires in Asia Pacific (APAC) to further strengthen its product platform and to support its growth strategy in the region.
Based in Singapore, Wee Teck Tay joins as director, head of Private Markets APAC. Tay will report to Lavanya Chari, head of Global Products & Solutions APAC and Michael Isikow, global head of Private Markets.
Tay joined DBWM on October 16, 2017. He spent the previous nine years on sourcing, structuring and managing customised private equity and real estate opportunities for private banking clients of Standard Chartered Bank and Bank of Singapore.
Ambitious Hiring Targets
Also Singapore based John Lilley joins DBWM as director, Funds Solutions Specialist APAC. He will report to Joyce Ngan, head of Funds Solutions APAC. Lilley joined Deutsche Bank WM on September 25, 2017 from Taurus family office where he was head of Client Investments specialising in traditional and alternative funds, prior to Taurus, Lilley was with Citi Private Bank.
In a press release Lok Yim, head of DBWM, APAC, said, «With their experience and expertise in private markets and funds, Wee Teck and John will no doubt add enormous value to our products platform and to meet with our clients’ evolving investment needs.»
Earlier this year the German lender announced its intention to add 50 client-facing positions including relationship managers during the second half or 2017. An ambitious target in a region where the fight for talent is intense.
