Deutsche Bank Wealth Management has expanded the role of its Asia-Pacific chief executive for a newly created position.
Lok Yim is now responsible for the emerging markets region as a whole, comprising Asia-Pacific, the Middle East and Africa.
A spokesperson for Deutsche Bank told Citywire Asia that the combined markets will benefit the group’s non-resident Indians and ultra-high-net-worth businesses.
In addition to his new role, Yim will also continue to lead Deutsche Bank AG’s Hong Kong branch as chief country officer.
Yim joined Deutsche Bank from Citigroup Global Markets in 2007 as head of investment solutions for North Asia.
He was subsequently named North Asia head of wealth management in 2009, before being appointed Asia Pacific chief executive in October 2016, overseeing the bank's wealth management operations, including offices in China, Hong Kong, India and Singapore.
Yim’s appointment follows the restructuring of Deutsche Bank’s wealth unit into three regions: Europe, emerging markets and the Americas.
Last week, the German wealth manager announced that it had hired Credit Suisse’s Europe private banking chief, Claudio de Sanctis, to lead a new division, which includes Germany and a dozen other European markets.
The wealth management business was previously split into EMEA, Germany, Asia-Pacific and the Americas.