Deutsche private wealth unit hires for senior post in UK

Deutsche Bank Private Wealth Management has appointed Michael Hall as chief operating officer for the UK, to shape the business in Great Britain and allow it to grow “profitably and safely” in an increasingly regulated environment.

Hall previously held a similar role, for EMEA, at Morgan Stanley, and will report at his new, €274bn wealth management employer to Tom Slocock, chief executive of the UK operation, and Carsten Schildknecht, global COO for the private wealth management unit of Germany’s largest bank.

Slocock said: “Our strategy to build a profitable, client-focused business within the changing regulatory environment is boosted by hiring an individual with such vast industry knowledge.”

At Morgan Stanley, Hall oversaw some substantial infrastructure projects, and helped to integrate Quilter in private wealth management.

DB PWM has made a series of senior appointments this year, including Suzanne Spink from HSBC Private Bank as its head of global investment solutions in the UK. At HSBC she headed the investment advisory group.

In mid-year it announced recruitment to strengthen coverage of wealthy clients in south Asia, the Middle East and Pakistan.

Farooq Choudhury came from Merrill Lynch Dubai to be director, head of non-resident Indian (NRI) Middle East; Rajesh Mahadevan also joined from that firm as director, head of investment advisory global south Asia – Middle East; Shampi Chopra joined as director, senior relationship manager, global south Asia – Middle East; and Omar Farooq joined as director, senior relationship manager, global south Asia – Pakistan.

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