Clariden Leu, the Swiss private bank, has appointed five senior executives for the Southeast Asia region, four of which previously worked at Deutsche Bank's private wealth management arm.

Veny Teng joins the firm as managing director, responsible for overseeing a team of relationship managers focused on Southeast Asia. She most recently served as director at Deutsche Bank Private Wealth Management and has 30 years of private banking experience. She has worked for the likes of American Express, Mees Pierson Asia and Republic National Bank of New York.

Stepping in as director and senior relationship manager is Desmond Loh, who also joins from Deutsche Bank. He brings 30 years of private wealth and equities experience working for American Express and Citibank.

Cynthia Chin is now a director and senior relationship manager. She brings 15 years of relationship management experience, particularly in the Indonesian market. She has worked for Deutsche Bank PWM, Citibank and DBS.

Loh and Chin, who are both assuming newly-created roles, report directly to Teng. 

Karen Tong is now a relationship manager at Clariden Leu and brings an extensive private banking background, having worked for ABN AMRO, DBS, Hong Leong Bank and HSBC.

Both Veny and Tong report to Yee Chin Lit, the head of Southeast Asia.

Rounding up the list of new hires in Elaine Ngim who is now an investment advisor. Ngim has over 15 years of wealth managemnt and capital markets experience. Her previous appointments include BNP Paribas, Deutsche Bank, Merrill Lynch, Landesbank Baden Wuerttemberg, JPMorgan, and Credit Suisse. She reports to Lincoln Wong, the head of investment advisory for Southeast Asia.

"These appointments reflect the dynamics of our business and the opportunities we will continue to seize in order to reinforce our position in Asia," said Jimmy Lee, the chief executive for Asia, in a statement.

In Asia, Clariden Leu serves high net worth clients through its Singapore office. 

It is not the first time the Swiss wealth boutique has hired talent from Deutsche Bank's private banking arm. In 2009 Clariden Leu hired a trio of senior executives for its Singapore arm, Soon Gek Chew, Janice Lee and Chin Lit Yee. Last June the bank lured ex-Deutsche Bank PWM director Matthew Man as a director and senior investment adviser. Shirley Yap was appointed as director, head of wealth management solutions in April 2010, after holding senior positions at Deutsche Bank Hong Kong. 

They were reunited with their former colleague, chief executive of Clariden Leu in Asia, Jimmy Lee. An ex-Deutsche man himself, he joined the Swiss boutique in 2009. He was previously head of private wealth management Southeast Asia / South Asia at Deutsche Bank in Singapore, where he led a team of over 150 employees.