Deutsche Bank has made a series of hires in Asia in recent months. Now, the German lender has snapped up another senior banker as part of its hiring spree.
Deutsche Bank wealth management named Ingrid Widjaja as its new group head for client coverage in Southeast Asia. She is based in Singapore and will report to Kin-Mun Kwong, head of wealth management coverage, Southeast Asia, the bank said in a press release.
Her hire is the latest sign that Frankfurt-based Deutsche is putting its back into an ambitious hiring plan unveiled last year for its private bank, intended to smooth out riskier and less reliable profits from its investment banking arm.
Hiring Challenge
Widjaja will lead a team of six including team head David Ng, private bankers Florence Tee and Katherine Lok and investment advisor Lee Chin Kit, all of whom joined Deutsche in the past month.
She was previously with HSBC private bank in Singapore from 1999, most recently as market head for Indonesia. Deutsche's Asia private bank head Lok Yim flagged his intention last year of adding up to 50 new recruits in the region to support the wider wealth management arm's growth strategy.
