Germany’s Deutsche Bank has appointed Anurag Mahesh as head of global investments and sales in Asia Pacific to boost its private banking business in the region.

Mr Mahesh, based in Singapore, reports to Ravi Raju, head of private wealth management in Asia Pacific. Mr Mahesh joined the bank in 2007 and was previously head of structured products at the private wealth management department.

Deutsche Bank currently manages €22 billion ($34 billion) for clients in the region as invested assets at its private wealth management division grew 19 per cent in the region last year.

Before Deutsche Bank, Mr Mahesh worked at Citigroup for 14 years where he held senior roles in securitisation, foreign exchange and structured products development in Singapore and Hong Kong.