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Deutsche Bank wealth arm forms new team

Deutsche Bank wealth arm forms new team

Deutsche Bank Wealth Management continues to expand its Asia operations with the hiring of a group head to lead its new Southeast Asia team.

Ingrid Widjaja joins from HSBC Private Banking, where she was market head for Indonesia for one year. She joined the bank in 1999.

Prior to that, she was with Merrill Lynch Singapore, Banque Indosuez Indonesia and American Express Bank Indonesia and the US.

Reporting to Kim-Mun Kwong, head of wealth management coverage for Southeast Asia, Widjaja will lead Deutsche Bank’s third Southeast Asia team.

It is a team of six, including team head David Ng, relationship managers Katherine Lok and Florence Tee, and investment advisor Lee Chin Kit, all of whom joined from HSBC Private Banking in the past month.

Ng joins from Widjaja’s team at HSBC, where he was head of ultra-high-net worth investment counselling for Southeast Asia before becoming desk head for Indonesia in January last year.

This expansion follows Deutsche Bank’s hiring of six Singapore-based relationship managers to establish two other Southeast Asia teams in December last year, led by Jonathan Ng and Gregory Goh.

The German private bank has made more than 60 hires in Asia Pacific in the past six months.

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