According to The Straits Times, Deutsche Bank announced on 6 December a series of new hires to its wealth management unit in Singapore to support its growth strategy in Asia, including six relationship managers to cover clients in South-east Asia.
The first team of four is led by Jonathan Ng, who joined Deutsche Bank Wealth Management from BNP Paribas Wealth Management Singapore. Ng will report to Kwong Kin-Mun, head of wealth management coverage for South-east Asia in Deutsche Bank.
The second team of two is led by Gregory Goh, who joined Deutsche Bank WM from Nomura Singapore. In this role, Goh reports to Malcolm Tay, group head, South-east Asia for wealth management at Deutsche Bank.
Deutsche Bank also hired more employees to support its operations, project management and service support functions.
In the report, the firm mentioned that it has already made more than 50 new hires in Hong Kong, Singapore and Dubai across client coverage, IT, Know-Your-Client, project management, operations and product platforms.
The business will also invest around €65 million (S$103.6 million) globally to enhance client-focused digital technology.
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