Deutsche Bank appointed Paul Arni as chief wealth management Switzerland, effective September 1. Deutsche Bank wants to establish business in Switzerland as a separate entity. Both measures are part of the strategic growth plan for Wealth Management Europe, Middle East and Africa (EMEA).
Deutsche Bank wants to be the main international bank for demanding Swiss executives, entrepreneurs and family offices, as well as a determining provider of services for multi-family offices and financial intermediaries. Paul Arni will lead the business with focus on Swiss wealth management clients from Zurich. He will report to Peter Hinder, head of Wealth Management EMEA. Paul Arni will also join the board of Deutsche Bank Switzerland, subject to the necessary permits.
Prior to this, Paul Arni was head of the Zurich market region and deputy head of Switzerland at the private bank Julius Baer. From 2009 to 2013, he headed Credit Suisse’s private banking region Zurich before becoming the global head of operations. From 1993 to 2008 he worked at UBS’s private bank. He then held various management functions in wealth management.
“Paul Arni is an experienced private banker and manager with an excellent track record of growth and customer orientation. I am sure that he will enrich our Swiss teams with his network and knowledge and accelerate the growth of our Swiss wealth management business”, said Peter Hinder.