Deutsche Bank Private Wealth Management in London has hired Reginald Mills as head of key clients investments, WealthBriefing can exclusively report.

Mills joins from Credit Suisse, where he was managing director and group head responsible for the private equity agency business within equity capital markets.

In his new role, Mills will be in charge of the sourcing, structuring and organising the distribution of bespoke investment opportunities to key clients globally. He reports to Salman Mahdi, global head of key clients.

Earlier this month, this publication could exclusively report that Deutsche hired two senior private bankers to strengthen its ultra high net worth team in the UK in the shape of Steve Whiting and Oliver Peck – both latterly of HSBC Private Bank – as new managing director and director, respectively.

In its annual report published last month, the German lender emphasised the turnaround in its private wealth management business as a strong contributing factor behind the pre-tax profit hike in asset management it reported for 2011. The bank said that the private client division went from a loss of €57 million ($75.2 million) in 2010 to a profit of €321 million last year, taking the pre-tax profit in the asset management arm to €767 million compared with €210 million the year before.

Deutsche Bank PWM has around €269 billion in assets under management across some 100 locations worldwide.