Deutsche Bank Private Wealth Management has bolstered its UK team with six new appointments, including the hire of a new head of international wealth planning.

Taking up the role of head of international wealth planning for PWM UK is Isabelle Mulroy, who formerly spent 11 years with Coutts, primarily providing personal tax advice for high net worth clients.

Second on the list of appointees is Andrew Wigman, who has been named head of client solutions/business development. He joins Deutsche from UBS Wealth Management, where he had spent 24 years in a number of positions, including those of head of investment advisory and head of strategic projects.

Next is Andrew Banks, who has been appointed deputy head of compliance. He most recently spent four years with Eden Financial, having previously been with Prudential-Bache for 20 years.

The final three joiners are Dominic Gamble, Anna Mitchell and Damien Crommie, all of whom have been appointed as relationship managers, Gamble to cover ultra high net worth clients.

Gamble joins from Credit Suisse, where he had spent eight years serving Middle Eastern and UK entrepreneurial clients of the private bank.

Mitchell was formerly a client manager and financial advisor in Bank of America’s Global Wealth Management division – a role she held for five years.

Lastly, Crommie joins from NAB Private Wealth in Melbourne, Australia.

Yesterday Deutsche Bank reported that net revenues in the different arms of its wealth management operations rose in the third quarter of 2010 compared with 12 months earlier, boosted by the acquisition of Luxembourg-based firm Sal Oppenheim/BHF.

Within its Asset and Wealth Management segment, Deutsche posted net revenues of €1.0 billion (around $1.38 billion) in the third quarter, an increase of €243 million, or 32 per cent, compared to the same period in 2009. Revenues were boosted by €200 million linked to the acquisition of Sal Oppenheim/BHF.

AWM recorded an income before income taxes of €78 million, after a net loss before income taxes of €52 million related to Sal Oppenheim/BHF in private wealth management. Excluding this impact, results would have been comparable to an income before income taxes of €134 million in the third quarter of last year, the bank said.

Invested assets in AWM fell by €25 billion to €846 billion in the third quarter of 2010. In  PWM, invested assets dropped by €6 billion, including net outflows of €3 billion, to €313 billion.