The departing manager has worked at the German bank for a decade.

Yvan Wicht, managing director, head of wealth investment advisory Middle East and Africa at Deutsche Bank, based in Geneva, has left the firm, this publication can reveal. 

Wicht has worked at Germany’s largest bank since 2011 and has held a variety of roles at the firm. 

Prior to this, he worked for a year at Stonehage Fleming, the UK-based multi-family office, according to his public profile. Before that, Wicht was a relationship manager and investment advisor, for ultra-high net worth individuals in the Middle East, at JP Morgan.

Deutsche Bank, which confirmed Wicht’s departure, declined to comment further. 

In September 2020, the firm named Loïc Voide and Kees Hoving as co-chief executives in the Middle East and Africa, based in Dubai. They replaced Jamal Al Kishi, who left Deutsche bank earlier this year to become deputy group CEO at Bahrain-based Gulf International Bank.

In early February, Deutsche Bank announced that its private banking arm’s pre-tax loss for 2020 narrowed to €124 million ($148.9 million) from €279 million a year earlier; this part of the group remained in the red as a result of transformation-related costs. Adjusted profit before tax stood at €493 million, down by 3 per cent on a year ago.