Wayne Yang leaves Merrill for Deutsche

Deutsche Bank Private Wealth Management PWM announced Monday that it has hired Wayne Yang to fill a newly created role as head of its key clients group for Southeast Asia. Yang was previously at Merrill Lynch, now a part of Bank of America, where he was head of ultra-high-net-worth private investment banking coverage for the Pacific Rim.

Based in Singapore, Yang will report directly to Ravi Raju, head of PWM Asia-Pacific, and will oversee the key clients group, a team dedicated to integrating the business of wealth management and investment banking for the benefit of ultra-high-net-worth clients in Southeast Asia. These clients typically have more than 50 million under the bank's management and require investment...