|
Lee Hutter joins as Deutshe Asset & Wealth
Management's head of wealth management for the U.S. western
region, based in Los Angeles, from JP Morgan Private Bank, where
he was a managing director and private banker.
In the newly created job, Hutter will oversee private bank and
private client services in the western region, including the new
private bank office in Dallas launched in September by Mark
LaRoe, who was also hired away from JP Morgan.
JP Morgan declined to comment on the departures.
Haig Ariyan, co-head with Chip Packard of Deutsche Bank's wealth
management in the Americas, told Reuters in July that the firm
employs around 300 advisers in the United States.
Hutter's hire is in line with an announcement the bank made in
May.
"We are committed to delivering (Deutsche's services) on the
West Coast, where we a see growing demand for an innovative and
comprehensive wealth management platform," Ariyan said in a
statement released by Deutsche.
Also on Wednesday, Deutsche Bank appointed Elizabeth Ford as the
new head of compliance for the Americas, starting in early
January. Ford joins Deutsche from Goldman Sachs, where she was
global head of compliance for Goldman's investment banking and
merchant banking divisions and the executive office.
Deutsche Asset & Wealth Management had $1.31 trillion in global
assets under management as of June 30. The firm provides wealth
management and private banking services to high net worth and
ultra high net worth clients.
(Reporting by Elizabeth Dilts; Editing by Dan Grebler)
[© 2014 Thomson Reuters. All rights
reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
