The German lender has nabbed yet another banker – its twenty-first this year – for its Global South Asia business, bringing its total team strength to 80 bankers spread across Dubai, India, Singapore, and London. 

A spokesperson for Deutsche Bank has confirmed that three new bankers will join the bank's Global South Asia (GSA) business in Dubai, Mumbai and Singapore respectively as it continues to be one of the most active recruiters in the space.

Achal Aroura joins Deutsche Bank as group head of the GSA team based in Dubai. He has worked in the financial industry for over 20 years, primarily in the UAE and India.

Previously With Julius Baer

He was previously a senior client advisor and group head Middle East and Africa for the non-resident Indian (NRI) business at Julius Baer. In his new role, Aroura reports to Amrit Singh, Head of Wealth Management GSA.

For onshore India, Deutsche Bank Wealth Management has hired Mayank Khemka as head of Discretionary Portfolio Management (DPM) and chief investment officer (CIO) for Wealth Management in India, effective November 22. Based in Mumbai, He will report to Atinkumar Saha, head of WM India, and Christian Nolting, global head of DPM and WM CIO.

Coming From Credit Suisse

He has over 25 years of experience in Indian capital markets, having joined from Credit Suisse, where he spent nine years as head of Investment Management, India, managing discretionary portfolios across asset classes.

The bank has also appointed Akshay Prasad as head of Investment Management for GSA, moving from his previous role as Deutsche Bank’s head of Capital Markets for Emerging Markets.

Based in the Lion City

Still based in Singapore, Prasad will report to Amrit Singh and Bobby Abraham, regional head of Institutional Wealth Partners (IWP) in Emerging Markets, and will oversee all of the team’s investment managers and FX advisors. His new role will be effective on January 1, 2020.

Amrit Singh said: «The hires reflect Deutsche Bank Wealth Management’s ongoing commitment to invest in people, technology, advisory, and investment solutions.»