Deutsche Bank Global Markets has set up a specialist private clients foreign exchange team to offer high net worth clients increased access to FX markets.

Deutsche Bank Global Markets has set up a specialist private clients foreign exchange team, with hires from UBS, to offer high net worth clients increased access to FX markets alongside the existing institutional and corporate FX sales teams. This new global initiative will combine the FX expertise of Global Markets with the relationship management capabilities of Private Wealth Management, to deliver FX coverage to high net worth individuals who require institutional-like coverage. Roger Posch was hired from UBS at the start of the year to head the new team. He was head of corporate and institutional clients, Asia Pacific, and, previously, head of FX distribution for direct access clients for UBS Zurich. Based in London, he will report to Neehal Shah, global head of Investor Foreign Exchange Sales at Deutsche Bank. Also joining the new unit are Christoph Ehrbar, former UBS head of FX Distribution for Wealth Management UK, Ian Henderson, previously on UBS's Wealth Management UK and European Corporate FX desks in London, and Nadeem Ladki from Hedge Fund and Middle East Private Client Sales at UBS. The team will also include two new hires in Zurich – Martin Brunner, who previously worked in FX Sales for Direct Access Clients at UBS, and Leong Kwok Liew, formerly head of the Direct Access Clients group at Credit Suisse. David Campbell, Deutsche's global head of Private Wealth Management Investments and Sales said: "Wealthy clients, especially ultra high net worth individuals, are becoming more demanding in terms of investment solutions and increasingly are looking for an institutional level of service. This new initiative with Global Markets complements our existing FX services and will enable our clients to benefit from the expertise of the market leaders in FX."