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Wealth Management / On The Move
Deutsche Bank WM announces two new senior hires
Hires to further strengthen its product platform and to support its growth strategy in Asia
The Asset 26 Oct 2017

DEUTSCHE Bank WM has hired Wee Teck Tay as director, head of private markets APAC, and John Lilley as director, funds solutions specialist, APAC.

Based in Singapore, Tay reports to Lavanya Chari, head of global products & solutions APAC and Michael Isikow, global head of private markets. Tay joined Deutsche Bank WM on October 16 2017 with 20 years industry experience in investment banking and asset management firms. He spent the previous nine years on sourcing, structuring and managing customized, unique and exclusive private equity and real estate opportunities for private banking clients of Standard Chartered Bank and Bank of Singapore.

Based in Singapore, Lilley reports to Joyce Ngan, head of funds Solutions APAC. Lilley joined Deutsche Bank WM on September 25 2017 from Taurus family office where he was head of client investments specializing in traditional and alternative funds. He played a key role in formulating global market and macroeconomic strategy, oversaw the portfolio review framework for clients and interacted extensively with traditional as well as hedge fund managers. Prior to Taurus, Lilley was with Citi Private Bank.

Lok Yim, head of Deutsche Bank WM, APAC, says: “With their experience and expertise in private markets and funds, Wee Teck and John will no doubt add enormous value to our products platform and to meet with our clients’ evolving investment needs. To support our growth strategy and to further enhance our clients’ experience, we have already made close to 40 new hires in Hong Kong, Singapore and Dubai this year across client coverage, project management, IT and Know-Your-Client functions.”

Wealth Management is a growth pillar of Deutsche Bank. As announced in June 2017, investment will be made both in technology and talents to support its growth strategy. Fifty out of 100 global hires of client-facing staff will be based in Asia. Globally the business will invest 65 million euros in digital technology. Here in Asia, two internal apps, “Spotlight” and “EQC Pricer”, have been launched to empower relationship managers with investment information and updates so they can closely engage with clients. Deutsche Bank WM has also just launched an external app, “Deutsche Bank Online”, to connect clients with their wealth information.

“We aim to grow our business and offer our clients the best investment solutions and ideas. We are looking for the best talents who are committed to this industry to join our growth journey,” Yim adds.

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