The change means that a former Credit Suisse senior figure is joining the banking group, and the lender said it intends to continue building its Asia network.

Deutsche Bank has appointed a former Credit Suisse senior figure, Jin Yee Young, to be head of the international private bank in Asia-Pacific. She will be taking the helm on 1 January, subject to regulatory clearance.

Her appointment will involve working with Claudio de Sanctis, head of the IPB and chief executive for EMEA, who, like Young, is a former senior Credit Suisse figure.

After six years as head of the firm's wealth management and the international private bank businesses in Asia-Pacific, Lok Yim will focus on his role as chief executive of Hong Kong SAR, effective 3 January 2023.

“Throughout her distinguished career, Jin Yee has proven herself a strong and effective leader. As one of the most well-respected private bankers in Asia, she possesses all the skills and deep market knowledge needed to run our business,” de Sanctis said in a statement. “Already one of the top ultra-high net worth wealth management franchises in Asia, coupled with our highly-regarded India business, we have strong ambitions to propel our business further into its next phase of growth.”

Young has more than 25 years of wealth management experience, most recently as deputy CEO wealth management for APAC and head of WM for Singapore, deputy CEO Singapore branch and CEO for SymAsia Foundation at Credit Suisse. Prior to these roles, Young worked in senior leadership positions including market group head for Singapore and Malaysia and South Asia Switzerland, and various leadership roles in markets such as Indonesia, Taiwan, China, Hong Kong and Japan. 

Prior to joining Credit Suisse, Young was with DBS Private Bank and Citibank Singapore.

“Lok Yim has been instrumental in developing the bank’s Asia-Pacific WM client business and positioning it for continued growth in the years ahead,” de Sanctis said. “He has been responsible for transforming Deutsche Bank’s wealth business in the region, working in a strong and productive partnership with all our business and infrastructure partners.” 

“As we transition our business to its next stage of growth, we are pleased to continue working closely with Lok in enhancing our contribution to the bank’s broader Hong Kong platform,” he added.