The bank is merging its teams responsible for serving affluent and high-net-worth clients in Germany under one umbrella within its Wealth Management division. According to a statement released on Monday, the goal of this new organizational structure is to streamline leadership and increase revenues from this lucrative business. Much like its corporate client segment, the business will now be structured regionally within Germany.

This reorganization also comes with changes in personnel. Nasim Amini, currently at HypoVereinsbank, will join Deutsche Bank in January as Head of the Southern Region. He previously spent 22 years at Commerzbank.

Naveed Arshad joins from private bank Hauck Aufhäuser Lampe, where he will focus on serving wealth management clients who seek digital solutions.

Lisa-Marie Wöhrle (pictured below) is returning to Deutsche Bank from UBS to lead a newly established unit focused on advising wealthy families on retirement and inheritance matters. She originally left Deutsche Bank in September 2020 to join the Swiss banking giant, where she most recently served as Executive Director, heading Wealth Planning Germany.

Lisa-Marie Wöhrle. (Image: Linkedin)

The newly formed expert team will support clients across Germany in planning and structuring large or complex family wealth. They will also assist in developing retirement and pension strategies, as well as in designing wealth transfer solutions, such as foundations or executorships. Wöhrle will report to Corrado Palmieri, Head of Advisory & Sales Wealth Management Germany.

«With this new team, we are reinforcing our commitment to holistic advisory services. We offer our clients solutions for one of their most important concerns: how to transfer wealth to the next generation,» said Raffael Gasser (pictured below), Head of Wealth Management Germany.

Raffael Gasser. (Image: zVg)

Gasser himself joined Deutsche Bank in November of last year from UBS, where he headed the Northern European business for wealthy private clients in Zurich. Before that, he spent 14 years at Credit Suisse.

Deutsche Bank is expanding its Wealth Management operations to reduce its reliance on interest income. The bank currently manages €632 billion in its private client business, which includes wealth management and retail banking. Competitors such as UBS and Morgan Stanley each manage more than one trillion U.S. dollars.

«With our strategy, we are laying the foundation to grow above the market and gain further market share – positioning ourselves as the undisputed number one in wealth management in Germany,»
Gasser added.