Deutsche Expands Wealth Unit in Southeast Asia

Deutsche Bank continues to expand its wealth business in the region, particularly in southeast Asia where it hired a new investment management team head.

Alania Concepcion joins Deutsche Bank Wealth Management as a director and investment management team head, according to a statement, reporting to managing director and head of Southeast Asia investment management Coo-Way Law.

Based in Singapore, Concepcion will work closely with clients and relationship managers from the southeast Asia market which is headed by Shang-Wei Chow.

Concepcion returns to Singapore after over four years running her own firm and pursuing ESG and fintech-related interests in Europe. Previously, she also worked for Credit Suisse, Barclays and Merrill Lynch.

This year, Deutsche Bank Wealth Management has been rapidly expanding in the region with a flurry of new hires, particularly with a focus on southeast Asia.

Last week, it reportedly hired former Pictet Singapore chief executive Domonique Jooris days after announcing the hire of ex-Credit Suisse southeast Asia trio Urs Brudermann, Shawn Ngoh and Pichaya Prawanmeet.

To capture the opportunities in the fast-growing Southeast Asia region, we are focused to grow and develop our team, said Chow. The recent appointments in southeast Asia show our commitment to the business. We will continue to hire the best talent in the region to support our growth.