Deutsche Bank has appointed Siok Kuan as the new head of wealth discretionary for emerging markets, replacing Tuan Huynh.

Kuan previously was the head of fixed income at DWS in Singapore.

She will continue to operate out of Singapore in the new role.

She will now report to global head wealth discretionary Gregor Hirt and global head of global products & solutions Lavanya Chari.

Meanwhile, Huynh now serve as the CIO for Europe at the bank.

The latest appointment comes shortly after the bank’s appointment of Boris Kwok as the new group head for North Asia.

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Boris Kwok most recently served as the market head for China team at Standard Chartered. In his role, Kwok led 25 relationship managers covering Greater China.

In the new role, he will report to head of North Asia Kanas Chan.

The appointment of Kwok aligns with the bank’s plans to grow relationship manager headcount in North Asia by 40-50% in three years.

Notably, Deutsche Bank Wealth Management (DBWM) recently made various senior strategic hires to strengthen its Global South Asia (GSA) team.

The bank recently also hired Jeffrey Yen Chieh Peng as the head of its onshore wealth management business in China.

At the same time, the bank also announced a massive overhaul that is expected to lead to 18,000 job cuts.