Deutsche hires for UK private bank
Deutsche Bank's wealth division is launching its new onshore ultra high net worth business in the UK and has hired four private bankers, three of whom used to work at Swiss bank UBS.
They include Melanie Cassoff, formerly an executive director at UBS, who was included in Financial News' FN 100 Rising Stars list last year. Earlier expectations had been that she would be taken on at Barclays Wealth. Deutsche Bank will recruit about a dozen senior private bankers over the next few months, according to sources.
Joseph Knight, a vice-president working in Credit Suisse's Italian offshore business for the past seven years, will also join the bank.
Natasa Williams, a former executive director and senior client adviser at UBS' key clients group, is also joining. A source said she was a "top producer" in her previous role.
Beatrice Rates, previously associate director and junior client advisor has also left UBS to join Deutsche Bank. She is believed to have worked with Williams.
Deutsche declined to comment on the appointments. However, Tom Slocock, head of UK private wealth management at Deutsche Bank, told Financial News last month: "One of the ways that Deutsche Bank Private Wealth Management is seeking to grow its UK resident client base is with a number of select, quality hires."
Slocock started at Deutsche in March, after joining from Credit Suisse's private banking division, where he spent seven years as head of international private banking and head of its UK private client services business.
Write to twilkinson@efinancialnews.com
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