Deutsche Bank Private Wealth Management’s London head and its global head of discretionary portfolio management have both left the company.

Deutsche Bank Private Wealth Management’s London head and its global head of discretionary portfolio management have both left the company.

Head of Deutsche Bank PWM London Juliet Wedderburn has left the bank for a second time, while Arnaud de Servigny, head of the multi-asset group and wealth management chief investment officer at Deutsche Bank PWM, has also left the firm.

Asoka Wöhrmann, the recently-promoted chief investment officer, is expected to take on de Servigny’s duties. The firm is currently seeking a replacement for Wedderburn.

Wedderburn originally joined  Deutsche in 1996 as manager of global markets and left in 2004 to chair a mental health charity and to be a partner at hedge fund firm Wedderburn. She returned in 2007 to help develop Deutsche Bank PWM’s presence in London and the South East of England. In a career spanning over 20 years, she has also worked at Bankers Trust and JP Morgan Chase.

De Servigny joined Deutsche in 2010 from Barclays Wealth, where he was in charge of economic and behavioural research. Before this, he worked at Standard & Poor's and BNP Paribas.

Wöhrmann was appointed chief investment officer in July. Based in Frankfurt, he was formerly co-chief investment officer, alongside Randy Brown, who was promoted to head of UK operations and global head of insurance and pension solutions.