Deutsche Bank Wealth Management has expanded its team in the Emerging Markets with a double appointment.
The wealth management business of the German bank has appointed Boris Kwok as group head, North Asia (to be focused on China), and Siok Kuan Tham as head of wealth discretionary for emerging markets.
Boris Kwok joins Deutsche Bank Wealth Management from Standard Chartered, where he has held different positions since he joined in 2002, being the most recent that of managing director, market head, China team. In that role, he managed a team of over 25 RMs and team heads, covering Greater China. In his new role as group heaf North Asia, Kwok will be reporting to Kanas Chan, managing director, head of North Asia.
The firm has also announced the appointment of twenty more wealth management professionals to work alongside Boris in a move that is in line with the firm's expansion strategy in North Asia, aimed at increasing the number of relationship managers by 40-50% in three years.
The firm has also hired Siok Kuan Tham as head of wealth discretionary (WD) for Emerging Markets. To be based in Singapore, Siok Kuan takes over from Tuan Huynh, who became chief investment officer Europe a few months ago.
Prior to joining Deutsche Bank, she was head of fixed income at Deutsche Bank's DWS asset-management business in Singapore, and chaired the Asian Fixed Income Portfolio Construction Committee in Singapore.
In her new position, she will report globally to Gregor Hirt, global head Wealth Discretionary, and locally into Lavanya Chari, global head of Global Products & Solutions (GPS).
The company said in a note: "Siok Kuan is a perfect addition to our fast-growing WD franchise, especially in Asia. She has an excellent reputation in local markets and long-term experience in portfolio and fund management. She will be central in further expanding our footprint in the region, helping us grow the important recurring fee part of our Wealth Management business."