The Frankfurt-listed bank's wealth arm has brought over a former senior Coutts manager to be its UK head of intermediaries and multi-family offices.

Deutsche Bank Wealth Management has appointed former Coutts senior manager appointed Matthew Spencer as a managing director and UK head of intermediaries and multi-family offices, part of expansion that started with the appointment of Michael Morley as CEO of the UK business in July this year.

Spencer will join the wealth management arm of Deutsche Bank in January 2018, based in London. He will sit on the UK leadership council, reporting to Morley. He was most recently head of business development at Coutts, from December 2014. He was previously head of intermediaries’ management between 2007 and 2014 at Credit Suisse in the UK and in Zurich. He is a member of the Securities Institute and is a judge for the WealthBriefing Swiss and European Awards. 

“We see the intermediary community as an important potential engine for growth as we invest in our business in the UK. Matthew’s long experience in building relationships with the accountancy, legal, consultancy and family office sectors here make him the ideal leader to promote Deutsche Bank Wealth Management’s strong investment, lending and advice credentials,” Michael Morley, Head of Deutsche Bank Wealth Management in the UK, said.