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Rudy Suter joins Deutsche Bank Private Wealth Management International as Head of Financial Intermediaries
Frankfurt am Main / Zurich (ots) - Deutsche Bank Private Wealth Management today announced the appointment of Rudy Suter as Managing Director and Head of Financial Intermediaries with effect from 1 October. In his new role, he will be responsible for structuring, bundling and developing Private Wealth Management capabilities in this segment, which will include client acquisition and service enhancements as well as a broader use of existing booking centres around the globe.
Rudy Suter joins Deutsche Bank from UBS where he was Head of Intermediaries for the Americas. He spent a total of 16 years at UBS in different leadership positions in Zurich, New York, London, Frankfurt, Tokyo and in Melbourne. Suter will be based in Zurich and report to Dr. Hans-Jürgen Koch, Head of Deutsche Bank Private Wealth Management International and Chief Executive Officer of Deutsche Bank (Switzerland) Ltd.
"Rudy has an excellent understanding of the needs of Intermediaries through his involvement in both wealth management and investment banking in his career," said Koch. Deutsche Bank Private Wealth Management already has a presence in this segment but is committed to further expand this business in all growing markets.
Pierre de Weck, member of the Group Executive Committee of Deutsche Bank says: "We are delighted to welcome Rudy to Deutsche Bank Private Wealth Management to strengthen our Intermediaries business. With his outstanding expertise and his depth of experience he will greatly enhance our capabilities in this important distribution channel. We look forward to further developing the Intermediaries business."
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1,058 billion in assets and 65,435 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. http://www.db.com
Deutsche Bank (Switzerland) Ltd., with offices in Geneva, Zurich and Lugano, is a subsidiary of Deutsche Bank AG and specialises in asset advisory and private wealth management services for sophisticated international customers. http://www.pwm.db.com
This Release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations. Any statement in this Press Release that states our intentions, beliefs, expectations or predictions (and the assumptions underlying them) is a forward-looking statement. These statements are based on plans, estimates and projections as they are cur_rently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include: the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our trading revenues; potential defaults of borrowers or trading counterparties; the implementation of our Business Realignment Program; the reliability of our risk manage_ment policies, procedures and methods; and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 23 March 2006 in the section "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.
ots Originaltext: Deutsche Bank (Switzerland) Ltd