Deutsche Bank Wealth Management has revealed the Institutional Wealth Partners (IWP) group to provide tailored lending, investing and corporate finance solutions to family office and ultra-high net worth clients through its global investment bank.
The firm hopes that the operation will allow its clients to access services that are primarily offered to the institutional sector.
IWP will be managed by regional heads in the Americas, Europe and Emerging Markets.
The regional head in the Americas will be Dan Kaiser, and Bobby Abraham has been appointed regional head of IWP in the emerging markets.
IWP Europe will be led by Caroline Kitidis in Europe, reporting to global head Todd Stevens.
It also hired Zurich-based George Varoutsis, formerly at Credit Suisse, to help its Europe-based operation.
“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.”