Deutsche Bank Expands Ultra-High Net Worth Unit With New Leadership Structure | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
Deutsche Bank is expanding its ultra-high net worth (UHNW) client business by integrating Deutsche Oppenheim Family Office AG and specialist teams into a newly consolidated unit, it said on Thursday.
The move is expected to strengthen advisory services for UHNW clients, particularly those with complex, entrepreneurial wealth structures supported by family offices.
The bank said all client advisors, investment experts and wealth structuring specialists will be brought together under a single management structure to improve coordination and deliver more tailored services.
Raffael Gasser, Head of Wealth Management Germany, said: “By expanding and more closely integrating our team of specialists and advisors, we are addressing the specific advisory needs of ultra-high net worth, institutionally active clients. This allows us to align our Wealth Management business even more consistently with the specific needs of different client groups.”
The expanded unit will work closely with Deutsche Bank’s Investment Bank and Corporate Bank to provide broader coverage of clients’ private assets and associated business interests.
Philipp Wehle will lead the Strategic UHNW Clients unit, joining from a Swiss private bank by September 2026. He has extensive experience in international wealth management, including senior roles at Credit Suisse.
Gasser said: “We are delighted that we have been able to attract Philipp Wehle, an outstanding leader with many years of experience in wealth management and a deep understanding of the needs of ultra-high net worth clients.”
Meanwhile, Stefanie Rühl-Hoffmann has been appointed Vice Chairwoman Wealth Management Germany, where she will focus on developing key client and business relationships.
