Sal Oppenheim, the Cologne-based private bank, which is part of Deutsche Bank, has appointed Dr Wolfgang Leoni as chairman of its executive board, effective from 1 April.

Dr Leoni succeeds Wilhelm von Haller, who has been with the firm since the Deutsche Bank takeover in 2009. Haller is leaving his post to take on a new position within Deutsche Bank.

Since 2007, Dr Leoni has been responsible for Sal Oppenheim’s investment strategy for institutional and private clients, as well as being a member of the firm’s executive board. Prior to joining Sal Oppenheim, Dr Leoni was chief investment officer at Deka International, where he set up the firm’s qualitative investment strategies area.

At the end of last year, Sal Oppenheim announced that Gregor Broschinski stepped down from its executive board, and Nicolas Von Loeper, a recognised expert in exclusive asset management, took on the role as the new executive board member.