Godard will be based in Geneva and report to Haig Ariyan and Chip Packard, co-heads of wealth management, Americas, and into the executive management board of the Swiss banking entity, chaired by Marco Bizzozero, CEO, Deutsche Bank Switzerland, and head of wealth management for Europe, the Middle East and Africa.

"Latin America is strategically important to our wealth management franchise,” Packard said in a statement from the Frankfurt-listed bank.

At Credit Suisse, Godard was head of advisory, solutions and investments for the Latin American Private Bank. Prior to joining Credit Suisse in 2010, Godard worked for JP Morgan in Geneva for 11 years where he headed the Latin American team and later took responsibility for the Eastern European and Swiss markets for the private bank.

There have been a flurry of appointments at the wealth and asset management business, which oversaw €940 billion of client money as at the end of June this year. 

In June, Deutsche Asset & Wealth Management appointed Raphael Zagury as head of key client partners and wealth investment advisory for Latin America from Bank of America Merrill Lynch. Antonio Braun joined from JP Morgan as a senior relationship manager, focusing on the Mexico market.

Caroline Kitidis joined in August as head of key client partners and wealth investment advisory for the Americas, having previously worked at Goldman Sachs.

In August, Richard Glass joined as US head of small- and mid-cap value equities at the firm. In addition, Richard Hanlon and Mary Schafer joined the firm, reporting to Glass. Glass, Hanlon and Schafer are based in New York.

In the UK, the firm appointed Jonathan Kent as head of financial intermediaries distribution for the UK and Ireland, reporting to David Morrow, the head of UK distribution and global client group.