Deutsche PWM bolsters Asian client specialist presence

Deutsche Bank Private Wealth Management has made four senior appointments to strengthen its coverage of wealthy clients in emerging markets in south Asia, the Middle East and Pakistan.

Farooq Choudhury has been appointed as director, head of non-resident Indian (NRI) Middle East, a position which involves growing the NRI market business in the Middle East region.

He will ensure both existing and potential NRI ultra high net worth clients of the bank have access to corporate finance opportunities, to build their businesses.

He will also provide wealthy and entrepreneurial clients with cross referrals of corporate banking deals.

Choudhury joined Deutsche from Merrill Lynch Dubai, where he conducted a similar role. At Deutsche Bank Private Wealth Management he will report to Nasim Ahmad, group head for global south Asia for Middle East and Pakistan.

Rajesh Mahadevan is joining as director, head of investment advisory global south Asia – Middle East. He also joined from Merrill Lynch Dubai, and will have responsibility for advising south Asian clients in the Middle East on their investment strategy, asset allocation and discretionary portfolio construction.

Shampi Chopra, director, senior relationship manager, global south Asia – Middle East, will also be based in Dubai and report to Choudhury, while accelerating the growth of the bank wealth management division’s NRI business in the Middle East.

Finally, Omar Farooq is joining as director, senior relationship manager, global south Asia – Pakistan. He will be based in London, growing the non-resident Pakistan business in the UK.

He held similar roles at HSBC in Dubai and Standard Chartered Bank in Pakistan.

In this role, Farooq reports directly to Nasim Ahmad, who said: “With their extensive experience in managing NRI clients, Farooq, Shampi, Rajesh and Omar all are perfectly placed to add a new dimension to our global franchise, by making our leading markets and investment banking capabilities more accessible to a select group of highly sophisticated private clients.”

David Walker

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