Deutsche Bank International Private Bank has hired a high-profile asset manager as its new chief investment officer for the Asia Pacific as the German lender boosts its lucrative wealth management operations.
Based in Singapore, Stefanie Holtze-Jen has been recruited from DWS, where she coordinated a team to guide the portfolio managers on strategy in foreign-exchange exposure covering macroeconomics, positioning and technical analysis.
She will report to Christian Nolting, the global chief investment officer, and Rajesh Mahadevan, the bank’s head of Asia-Pacific capital markets.
“With 22 years of international experience at global banks and leading asset managers, Stefanie possesses a detailed grasp of market dynamics and drivers, with expertise in major currency pairings and Asian markets,” Nolting said.
“Her profound market knowledge will champion the strategic growth of Deutsche Bank International Private Bank in the region.”
Holtze-Jen will be responsible for the development of the Asian part of the private bank. She previously worked for Commerzbank and Royal Bank of Canada in Hong Kong, Singapore and London.
She is a member of the Singapore Foreign Exchange Committee, serving as co-vice chair of its Global Foreign Exchange Committee for a two-year term.
Holtze-Jen’s appointment follows the bank’s poaching of three wealth managers from Credit Suisse in pursuit of ultra-rich clients in Saudi Arabia as the German lender strengthens its global private banking franchise.
A Geneva-based team will join Deutsche Bank’s offshore team on March 1.
- George Russell