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Deutsche Bank revamps private bank chief investment office

To create a ‘single CIO centre-of excellence’


Kirsten Hastings

The chief investment office teams from Private Bank Germany and International Private Bank (IPB) are to merge, Deutsche Bank announced on 21 July.

The single ‘centre-of-excellence’ will provide “globally relevant and locally impactful market views and investment insight”, the German banking giant said.

It will be led by global chief investment officer Christian Nolting.

The responsibilities of Ulrich Stephan, CIO for Private Bank Germany, have been expanded with his appointment to deputy global CIO and CIO for IPB Germany.

Reporting to Stephan, Dirk Steffan will lead the merged investment strategy teams.

Markus Müller is now global head of the merged investment offices, with Sebastian Janker leading the German investment office in addition to his Emea responsibilities.