The private wealth arm of Deutsche Bank has announced a reorganization of its North Asia investment management team, finews.asia has learned.
Deutsche Bank Private Bank has made organizational changes to its North Asia investment management team, according to an internal memo seen by finews.asia.
A new desk has been set up to address the sophisticated needs of ultra-high net worth and family office clients. Fionn Lo, Stephen So and Mac Lu will support relationship managers in the coverage of this client segment on top of their existing client coverage roles. Their current direct reporting line will remain unchanged to Cedric Ko, who leads the investment management team for North Asia, with an additional dotted line reporting to Filippo Rocchi.
Investment Service Team
The German private bank will also launch an investment service team focused on serving clients with standardized needs in a more efficient and scalable manner. Edward Cheung will lead this team, reporting to Ko. Joyce Ching and Jenny Lau will also be assigned to the team, reporting to Cheung.
According to the memo, the changes are in line with the broader emerging markets strategy for the private banking business. The new model will «enable differentiated investment management coverage type based on client classification criteria to offer a more comprehensive and effective solutions and services to our clients».
When contacted, a spokesperson for the bank confirmed the contents of the memo.
