People Moves

Deutsche Adds To IBP In Switzerland

Editorial Staff, 9 July 2021

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The German bank's international private banking business in Switzerland has added a cluster of figures from UBS.

Deutsche Bank’s International Private Bank in Switzerland has named five former UBS figures, including Raoul Zehnder who will manage ultra-high net worth and family office clients. It has also brought in four senior managers from the Swiss bank.

Zehnder has a particular focus on UK resident non-domiciled and Northern Europe, reporting to Marco Pagliara, head of IPB Europe, Middle East and Africa, Deutsche Bank said in a statement earlier this week. At UBS, Zehnder held various senior management positions focusing on the UK and Nordic markets.

The relationship managers joining the bank are Patrik Minuscoli and Michael von Mecklenburg, and senior investment manager Philipp Portenier, and Vincent Weisse as account manager.

Zehnder will take up his role on 1 October after a period of garden leave. 

Besides reporting to Pagliara, Zehnder will have an additional reporting line to James Whittaker, who joined Deutsche Bank in London last October to lead the bank’s coverage of UK-based UHNW clients, a part of Deutsche Bank’s Wealth Management organisation in the UK headed by Michael Morley.

Among recent moves, in April Deutsche Bank hired ex-Goldman Sachs figure Adam Russ as co-head of lending for Europe, Middle East and Africa. Russ, a managing director based in London, reporting to Alessandro Caironi, IPB head of lending, advisory and sales, will work with Marco Pagliara, head of IPB EMEA.

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