Achal Aroura has come on board as group head of the Global South Asia team based in Dubai, having previously held a role as senior client advisor and group head Middle East for the non-resident Indian business at Julius Baer.
For onshore India, Deutsche Bank’s wealth manager arm has recruited Mayank Khemka as head of discretionary portfolio management and chief investment officer for Wealth Management in India, from 22 November.
Khemka joined from Credit Suisse, where he spent nine years as head of investment management, India.
Based in Mumbai, Khemka will report to Atinkumar Saha, Head of WM India, and Christian Nolting, Global Head of DPM and WM CIO, while Aroura will report to Amrit Singh, head of wealth management GSA.
The bank has also appointed Akshay Prasad as head of investment management for GSA, moving from his previous role as Deutsche Bank’s head of capital markets for emerging markets.
Based in Singapore, Prasad will report to Amrit Singh and Bobby Abraham, regional head of institutional wealth partners in emerging markets, and will oversee all of the team’s investment managers and FX advisors. His new role will be effective from 1 January 2020.
Amrit Singh said the hires “underscore our ambition to grow our client franchise in one of the world’s fastest growing regions where wealth creation and entrepreneurial activity are enjoying strong tailwinds.”
The appointments are part of its drive to hire 300 relationship managers and investment managers globally by 2021, with its emerging markets region, which includes Asia Pacific, the Middle East and Africa, identified as an attractive area of growth.
The Global South Asia business serves NRI clients, and other clients from the sub-continent across its centres in Singapore, Hong Kong, Dubai, Geneva and London.
Further hires in Dubai and Bahrain
Deutsche Bank Wealth Management has also added to its Middle East and Africa (MEA) team with two further senior hires in Dubai. They complement the appointment of five relationship and investment managers in Dubai, Manama, Geneva and London over the last six months.
Based in the DIFC, Hamza Hamza has joined the MEA team from Standard Chartered Private Bank as an investment manager. He has more than 15 years of experience in commodity brokerage, investment management and advising Gulf and South Asian clients in the Middle East and the UK.
In addition, Naushair Malli has joined as a client advisor,having previously worked at Julius Baer and Barclays.
Also joining the MEA wealth management team as a relationship manager focusing on Saudi Arabia is Omar Abdullah Abouzeid. He joins the bank from Credit Suisse and is based in the DIFC.
In Bahrain, Murtuz Zamanly has been appointed representative officer. Zamanly has over 15 years of wealth management experience having previously worked at BNP Paribas and Credit Suisse covering UHNW Gulf Clients in Bahrain.
The bank recently announced that it appointed Marwa Alani as head of Middle East desk based in London. She will be instrumental in building a model advice-led wealth management business in the UK for clients with ties to the MEA region. Alani joined Deutsche Bank from Emirates NBD where she was the Head of the UAE/Pan Gulf Cooperation Council (GCC) private banking team.
