The teams join from BNP Paribas Wealth Management Singapore and Nomura Singapore.

Deutsche Bank Wealth Management has hired two teams to its operations in Asia, as the firm looks to support its growth strategy in the region.

The first team of four, led by group head Jonathan Ng, joined Deutsche Bank WM from BNP Paribas Wealth Management Singapore. Ng reports to Kin-Mun Kwong, head of wealth management coverage, Southeast Asia, the firm said in a statement.

Ng is joined by two relationship managers, Rachel Salomon and Jonathan Tanudjaja, and a service assistant.

The second team of two, led by Gregory Goh, joined Deutsche Bank WM from Nomura Singapore. Goh reports to Malcolm Tay, group head, Southeast Asia for wealth management. Goh is joined by a relationship manager Greta Tang.

“We aim to grow our business, to enhance our client experience and to protect our clients’ interest," said Kin-Mun Kwong, head of WM coverage, Southeast Asia. "We are looking for the very best talents in wealth management to join Deutsche Bank WM’s exciting growth journey in Asia.”

In October, this publication reported that Deutsche Bank WM had appointed Wee Teck Tay as director, head of private markets Asia-Pacific, and John Lilley as director, funds solutions specialist APAC. 

In a separate development at Deutsche Bank yesterday, its Deutsche Asset Management business is using the acronym DWS as its new global brand, while the organisation also announced a new management team. DWS becomes the group’s umbrella brand, covering institutional and retail business and applying to all asset classes.