Deutsche Bank Wealth Management (DB WM) has made multiple senior strategic hires to bolster its Global South Asia (GSA) team.
Majority of these hires were at its offices in Dubai and Mumbai, as well as involved transferring a senior manager to Singapore.
This year, 21 new relationship and investment managers joined DB WM’s GSA team across its offices in Dubai, India, Singapore and London.
An additional four lateral moves are scheduled next year that will increase the client-facing banker headcount in the GSA team to more than 80.
Currently, the GSA team is led by Achal Aroura as group head of the business. Aroura assumed the new responsibility last month and is based in Dubai.
Last week, Mayank Khemka joined DB WM as head of Discretionary Portfolio Management (DPM) and CIO for Wealth Management in India.
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Deutsche Bank also named Akshay Prasad as the head of Investment Management for GSA, an appointment slated to become effective on 1 January 2020.
Previously, Prasad served as Deutsche Bank’s head of Capital Markets for Emerging Markets.
Deutsche Bank Head of Wealth Management GSA Amrit Singh said: “The hires reflect Deutsche Bank Wealth Management’s ongoing commitment to invest in people, technology, advisory and investment solutions.
“They underscore our ambition to grow our client franchise in one of the world’s fastest growing regions where wealth creation and entrepreneurial activity are enjoying strong tailwinds.”
All the appointments are part of the German bank’s plan to recruit 300 relationship managers and investment managers globally by 2021.