German bank’s high-net-worth group hires L.A. wealth-and-art advisors. Deutsche Bank just plucked two Los Angeles-based private bankers from rival UBS. Clinton Hodges and Kyle Dunphy, who worked together at UBS as wealth managers and art advisors to private clients and cultural institutions, will work to bring in new clients to Deutsche’s Private Wealth Management (PWM) office in the City of Angels.

“The greater Los Angeles area is a key market for our private wealth management business and these strategic hires will further strengthen our presence here,” says Paul Miller, managing director of PWM’s Los Angeles office. “[Hodges] and [Dunphy] bring a broad range of experience providing banking and advisory services to high-net-worth individuals that will ensure we continue to meet the needs of our clients.”

To judge form old releases, PWM and Deutsche Bank Alex. Brown, the private-client unit of Deutsche Bank Securities, have hired fairly aggressively this year, especially on the West Coast.

In addition to its Los Angeles location, Deutsche’s U.S. private bank has offices in New York, Greenwich, Conn., Boston, Palm Beach, Fla., Chicago, San Francisco and Orange Co., Calif. –FWR

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