German mega bank continues built-out of its U.S. wealth-management business. Deutsche Bank Private Wealth Management (PWM) has made Mark Pittsey -- formerly regional manager of Wells Fargo's private-client business in San Francisco and Marin County, Calif. -- director of its private-banking office in San Francisco. He reports to Michael Davis, head of the Deutsche Bank's private-banking business in the western U.S.

All at once

Pittsey's hires is one of six recent appointments by PWM, Deutsche's U.S. wealth-management arm. Susan Burnett (managing director, San Francisco; reports to Davis), James Herlihy (managing director, San Francisco; reports to Pittsey) and Jeff Saccacio (managing director, Orange, County, Calif.; reports to Davis and US PWM Trust head Andrew Gallivan) joined Deutsche PWM from Citigroup Private Bank. Maryann Robinson (managing director, New York; reports to Kyle Delaney, head of the eastern region of Deutsche's U.S. private-bank) and Colin Koester (director, New York; reports to Delaney) came from HSBC.

"These important hires reflect our commitment to aggressively grow our U.S. private-banking business, which is a core strategic priority of Deutsche Bank," said Thomas Bowers, head of Deutsche PWM in the U.S.

In the U.S., Deutsche PWM is an umbrella for Deutsche's U.S. private bank and Deutsche Bank Alex. Brown, the private-client part of Deutsche Bank Securities, the Frankfurt-based bank's U.S. investment banking and brokerage unit. -FWR

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