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Deutsche Makes Key Consultancy Hire, Adds To Jersey Trustee Business

Sandra Kilhof, Reporter, London, 7 January 2014


Deutsche Bank has added a new head of consultants to its London-based global client group, as well as making a key compliance hire to its Jersey trustee business.

Michael Lee has joined Frankfurt-headquartered Deutsche Asset & Wealth Management as a director and head of consultants UK for the firm’s global client group.

Based in London, Lee will report to the global head of consultant relations, CGC, Mark Bolton.

His responsibilities will include playing a leading role in coordinating Deutsche engagement with global consultancies headquartered in the UK, in order to facilitate the consultants’ use of Deutsche’s global client solutions platform.

Lee previously held similar roles at Scottish Widows Investment Partnership and BlackRock. Before moving into asset management, he worked at Mercer Investment Consulting, both in the UK and Australia, with client consulting and manager research responsibilities.

As at 30 June 2013, DeAWM had €946 billion (about $1.298 trillion) in assets under management.

Adds Compliance Professional To Jersey Trustee Business
In related news, Deutsche Bank’s fund services unit has appointed Kelly Gouveia as a vice president and head of its trustee business in Jersey. 

In her new role, Gouveia will ensure that the trustee function is effectively managed, governed and compliant with local regulation as laid out by the Jersey Financial Services Commission. She will also evaluate prospective new business and provide guidance on designated trustee responsibilities for new structures and assist the wider EMEA (Europe, Middle East and Africa) depositary team, the firm said.  

Gouveia joins Deutsche Bank from Altis Partners, having served in various compliance roles including compliance officer, money laundering compliance officer, money laundering reporting officer, data protection and ethics within the hedge fund and real estate sectors.
The fund services business in Jersey provides third party fund administration, trustee and transfer agency services to hedge funds, private equity, real estate and fund of fund managers. It currently services over $200 billion of assets globally.

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