Former managing director of Deutsche Bank Wealth Management, Mark Smallwood, has joined HP Wealth Management, a Singapore-based independent asset manager (IAM).
Smallwood will act as wealth structuring and client advisor to ultra-high-net-worth clients HP Wealth represents.
He will work with clients on their estate and succession plans as well as their investable assets, through discretionary or advisory mandates and managing the selected fund managers.
Founded in 2009 by Clariden Leu banker Urs Brutsch, HP Wealth manages money for clients predominantly in Asia. It currently has 16 employees.
Smallwood joins the IAM from fiduciary services provider Confidentem Private Office, where he was a managing director since June 2017.
Prior to that, Smallwood was the head of the North Asia team at Deutsche Bank Wealth Management in Singapore, responsible for four teams of relationship managers, including the external asset manager team.
He previously led franchise development and strategic initiatives team in Asia for Deutsche Asset and Wealth Management from 2013-2016.
Smallwood has held a number of other senior roles during his 14-year stint at the German lender, including head of wealth management solutions for Asia-Pacific and global head of insurance solutions.
He was also a member of the asset and wealth management executive committees at Deutsche Bank.