Deutsche’s Private Bank, which has just announced a new investment management set up in Central Europe, has hired a family office expert.

Deutsche Bank has just established a markets investment team – a unit for the region’s top-tier clients – and has hired a new family office expert Adam Bergenfield (pictured).  Based in London, he will join Deutsche Private Bank at the beginning of October. 

The markets investment team provides investment services for ultra-high net worth individuals (UHNW) individuals, family offices and other professional clients, supporting them with direct capital markets access. Liya Rozman, who previously led the investment managers for emerging Europe and Switzerland, will lead this team across Central Europe. The team will report to the head of private bank Central Europe and US investment management, George Varoutsis, the firm said in a statement..

The markets investment team of traders' remit is to increase the number of relevant clients and expand the existing capital markets' offering for large and sophisticated clients. Bergenfeld's capital markets' expertise will be pivotal in elevating the investment activity to the next level, the firm continued.

The current set up of investment managers remains in place – serving clients with more standardised investment needs in an efficient and scalable manner. The team wants to offer a more consistent coverage to this client segment and deepen these relationships to their full potential.

Marc Fezer will lead the Central Europe investment managers, covering North and Central Europe, emerging Europe, Switzerland and the UK, and Sean Magee will lead the US investment management business, building the US investment franchise in the different client segments, the firm said.

“We have seen strong growth momentum in our target wealth segments in Europe and invested in top industry professionals as well as in our platform. The new investment management set up is a natural evolution that positions us to further scale our franchise in the UHNW and family office segment and grow consistently and sustainably,” Arjun Nagarkatti, head of private bank Central Europe & US, said.

“Creating a dedicated team to cater to sophisticated UHNWs and family offices adds an additional element of focus, enabling stronger connectivity within our region as well as across Deutsche Bank’s divisions,” Varoutsis said.