Sal Oppenheim, a wealth management division of Deutsche Bank, has bolstered its Luxembourg asset management subsidiary with the hire of Thomas Albert as head of international sales.

Albert will be in charge of developing and implementing the firm’s international expansion strategy. He joins Marco Schmitz, Andreas Jockel, Max von Frantzius and Andreas Schmidt-von Rhein in the management team.

Albert spent the past 12 years at Credit Suisse, most recently as head of retail sales in Europe (excluding Switzerland and Italy) and Latin America. Before that, he worked for Fleming Asset Management (now amalgamated into JP Morgan), where his responsibilities included managing mutual fund sales for Germany.

Oppenheim Asset Management Services SARL specialises in fund management and fund administration.

“As one of the leading European financial centres, Luxembourg is an integral part of our business activities and serves as the platform for further growth of our institutional asset management,” Wilhelm von Haller, chief executive of Sal Oppenheim, said in a statement.