Deutsche Private Wealth Management has named Lok Yim as head of its North Asia business and Ajay Jaiswal as group head for global South Asia.
Based in Hong Kong, Yim is expected to set the strategic direction of Deutsche Private Wealth Management. He will lead a 220-member team in servicing the needs of the bank's client base of wealthy families and entrepreneurs in Hong Kong, China and Taiwan.
Yim was previously head of investment solutions for North Asia at Deutsche Bank Private Wealth Management. Prior to joining Deutsche Bank in 2007, he was with Citigroup for 11 years where he held various senior positions in its wealth management and investment banking divisions in London, Switzerland and Hong Kong.
Based in Singapore, Jaiswal is responsible for a team of people across Singapore, Hong Kong and Dubai. The team is dedicated to deepening the bank's relationships with wealthy families in South Asia, providing them with wealth management and wealth creation advice.
Jaiswal joined Deutsche Private Wealth Management in 2007 as its senior investment advisor for the global South Asian team.
In March, Deutsche's private bank appointed Christian Nolting and Peter Pfister to newly created Asia-Pacific roles in Singapore. Nolting was been named regional head of portfolio management and lead strategist for Asia-Pacific, while Pfister took on the role of director for private equity investments in the region.
Private Wealth Management is the division of Deutsche Bank that focuses on the needs of high-net-worth clients worldwide. It manages a total of €164 billion invested assets through its network of over 90 locations in more than 30 countries worldwide. In Asia-Pacific, it has over 700 staff located across 14 offices in nine markets spanning North Asia, Australia, Southeast Asia and India.