The bank has created this new role in a bid to grow its wealth management operation in the region.

Deutsche Bank Wealth Management has appointed Claudio de Sanctis as head of Europe, effective 1 December. He will be based in Zurich, reporting to Fabrizio Campelli, global head of wealth management.

In this newly formed role, de Sanctis will help boost growth in the region by building on its position serving clients in Germany and other markets including Switzerland, the UK, Italy, Spain and France, it said in a statement.

De Sanctis joins from Credit Suisse, where he spent five years, most recently as head of private banking, Europe. His departure was exclusively reported by this publication. He joined Credit Suisse in 2013 as market area head Southeast Asia for private banking. 

He previously spent seven years at UBS Wealth Management Europe, most recently as market head Iberia and Nordics. De Sanctis was also at Barclays and Merrill Lynch Private Wealth Management.

“The Europe region is the backbone of our business and I’m very excited to have someone of Claudio’s calibre joining Deutsche Bank Wealth Management at a time when we’re so focused on strategic growth,” said Campelli.

In August, this publication reported that Deutsche Bank hired George Crosby as the new head of wealth management for Latin America.