Deutsche launches Institutional Wealth Partners Group to cater to wealthy clients
Deutsche Bank Wealth Management has announced the launch of its Institutional Wealth Partners (IWP) group, a unit aimed at UHNWIs and family office clients.
IWP's specialised team will enable Deutsche Bank Wealth Management to provide bespoke lending, investing and corporate finance solutions. It will be led by Caroline Kitidis in Europe, reporting to global head Todd Stevens.
"Ultra-high-net-worth clients and family offices want to be more actively involved in identifying and realising investment opportunities. Our IWP Europe team based in London, Frankfurt and Zurich is best set to cater to these exclusive needs, offering specific advice and customised solutions, and providing access to Deutsche Bank's investment bank capabilities," Kitidis, regional head of Deutsche Bank Wealth Management IWP in Europe, said in a statement.
Complementing our Wealth Management solutions with capabilities from other areas in our bank makes us more agile in responding to the sophisticated needs of our clients"
IWP recently further expanded its Europe capabilities by hiring Zurich-based George Varoutsis, formerly in the UHNWI business at Credit Suisse, to help define IWP's client strategy.
"Complementing our Wealth Management solutions with capabilities from other areas in our bank makes us more agile in responding to the sophisticated needs of our clients," said Claudio de Sanctis, head of Deutsche Bank Wealth Management in Europe. "IWP links these competences and transforms them efficiently into bespoke solutions."
IWP will be managed by regional heads in the Americas, Europe and Emerging Markets. The regional head in the Americas, Dan Kaiser, has been previously announced. Bobby Abraham has been appointed regional head of IWP in the Emerging Markets.
