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Deutsche Bank names new co-head for international private bank in New York By Reuters


© Reuters. In Hong Kong, China on July 8, 2019, the logo of Deutsche Bank can be seen. REUTERS/Tyrone Siu/Files

(Reuters). Deutsche Bank (DE) On Thursday Named Wells Fargo Amrit Waila, executive at Private Bank in New York as co-head of the New York unit within their international private bank (IPB), Americas.

Walia was appointed almost three months after seven bankers were hired by the IPB. Citigroup Inc (NYSE :), Bank of America Corp(NYSE:) and Goldman Sachs® Wealth Management were all created to help the company grow in this region.

Walia has been designated as managing director. He co-heads IPB’s New York operations alongside Anthony Valvo, who serves as IPB’s Miami head.

German lender IPB offers wealth management and advisory services for high-net-worth people and their families.

Walia, a 25-year industry veteran, managed Wells Fargo Private Bank’s wealth management strategy and business across high net worth, ultra-high networth, and wealthy client segments.

Walia, based in New York reports to Arjun Naarkatti, IPB’s head in the Americas.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.