The new senior hire, who has more than 23 years of experience across institutional, corporate and private banking, is joining from the Bank of Singapore.

Deutsche Bank Private Bank has named Alexandre Lotfi (pictured) as head of wealth management lending UK & Central Europe.

Lotfi will be a managing director based in London, reporting to Adam Russ, global head of wealth management and business lending, the firm said in a statement. He is replacing Claude Casavant who was based in Geneva and has retired.

With more than 23 years of experience in risk management, Lotfi joins from the Bank of Singapore, where he was the global chief risk officer and chief executive of the Bank of Singapore DIFC since 2016.

Previously, he spent more than seven years at Barclays in London and Singapore. Before Barclays, he was a senior credit risk manager at Natixis in London and Paris.

“The breadth of his financing experience across institutional, corporate and private banking makes him a great addition as we look to strengthen our position as a leading global bank for ultra-high net worth clients and family entrepreneurs,” Russ said.

“Financing remains a core strength of our private bank. The combination of Deutsche Bank’s deep structuring and risk management expertise, allow us to support our clients in identifying opportunities and managing risk in the face of current macro economic challenges,” Alessandro Caironi, head of banking, lending and investment solutions at Deutsche Bank Private Bank, added.

Deutsche Bank’s Private Bank serves more than 20 million clients globally. These range from private clients and small and medium-sized enterprises (SMEs) in Germany, Italy, Spain, Belgium and India, to wealth management clients from more than 80 offices globally. At the end of 2023, the private bank had €599 billion ($639 billion) of assets under management.