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Deutsche WM makes senior EM appointment in Singapore

Deutsche WM makes senior EM appointment in Singapore

Deutsche Bank Wealth Management has appointed a head of global products and solutions (GPS) for emerging markets, who will be based in Singapore. 

Rajesh Mahadevan (pictured) will take up the role in January. He will extend Deutsche's product capabilities for clients in the fast-growing Asia Pacific, Middle East and Africa regions. 

Mahadevan is currently based in Dubai as Global South Asia group head for the Middle East.

Before joining Deutsche in 2011, he ran investment and sales at Bank of America Merrill Lynch, and was the head of investment products at Citigroup. 

In the new role, Mahadevan will be supported by Wei Mei Tan and Marco Busetto, who were recently named co-heads of global advisory and investment solutions.

Lavanya Chari, global head of GPS, said Deutsche was stepping up growth plans in emerging markets with new hires, technology investments and a broader range of investment solutions. 

'Rajesh will be an energetic driver as we expand our product offering, including our wealth advisory service, and accelerate our ESG strategy to help meet increasing demand from our clients to add purpose to performance,' she said. 

Chari was the head of GPS for emerging markets, before taking on her global role earlier this year. 

Deutsche also announced the senior hire in New York, where Sam Descovich joined as head of GPS for the Americas in October. 

Descovich brings 19 years of experience at UBS. He spent close to seven years as its Americas head of capital market solutions. 

Deutsche's wealth management arm has approximately €300 billion ($333.5 billion) in assets under management, as of 30 June. It offers traditional and alternative investment solutions as well as advisory services.