Deutsche Asset & Wealth Management’s (DeAWM) Private Client Services has hired a team of three client advisors in Houston to expand distribution of wealth planning advice and investment solutions to wealthy individuals and families.

All three client advisors joined from Bank of America Merrill Lynch, where they managed over US$1 billion in total assets. They are based in the Bank’s Houston office and report to John McCauley, a managing director and Houston regional executive for Deutsche Bank Wealth Management, Americas.

Michael Dawson joined as a director and client advisor. Before Merrill Lynch, Dawson spent over 30 years advising ultra-high-net-worth individuals in the Private Client Group at Goldman Sachs.

Stephan Farber joined as a director and client advisor. Prior to Merrill Lynch, he spent five years at UBS as a vice president in the Private Wealth Management division.

Stephen Cordill joined as a vice president and client advisor. Previously, he was president of Sanders Morris Harris Asset & Wealth Management and managing director and head of asset management for Oppenheimer & Co.

Haig Ariyan, co-head of wealth management for the Americas, said: "Texas is an extremely important region for us, with continued wealth creation as a result of innovation and outstanding ingenuity, particularly in the energy sector. This team is highly regarded and I am delighted to welcome them to the firm."