Monday, 5 December 2022

Deutsche Bank appoints Esther Wong to head its southeast Asia wealth-management unit

5 min read

Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) today announced the appointment of Esther Wong as Managing Director and Group Head of a Wealth Management team in South-East Asia. Based in Singapore, Wong is joining Deutsche Bank’s International Private Bank (IPB) in January 2023 and will report to Anurag Mahesh, Vice Chairman and Interim Head, IPB South-East Asia.

Wong will focus on further expanding the footprint of the IPB South-East Asia business by delivering the bank’s lending, investing, cash management, one bank solutions (OBS) and inter-generational wealth transfer services to various client segments; including Ultra- High-Net-Worth (UHNW) and Family Office clients.

Wong joins Deutsche Bank after spending more than 10 years at JP Morgan where she focused on the UHNW client segment. Prior to that, she spent 5 years at UBS. Wong holds a Master’s degree in international affairs specialising in international finance and banking from Columbia University.

“We are pleased to welcome Esther to our IPB team in South-East Asia, a region where we will continue to invest in the very best talent to achieve our ambitious growth targets,” said Mahesh. “This is a key region for IPB APAC and I’m confident Esther’s appointment will drive additional positive momentum.”

Head of the International Private Bank and CEO of EMEA, Claudio de Sanctis said: “We see good reason for stepping up investment in Asia. In particular, growth rates in India and South-East Asia offer very exciting opportunities, and we are delighted that Esther an experienced and highly regarded private banker, has agreed to join us as we take our business forward.”

Last month Deutsche Bank announced the appointment of Jin Yee Young as Head of the International Private Bank, Asia Pacific.

 

Re-disseminated by The Wealth and Society



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