Deutsche Bank has announced the appointment of Kenneth Kwok as the new head of private institutional clients for Asia ex-Japan.

Mr Kwok was previously the head of corporate sales for Asia ex-Japan at Goldman Sachs. In his new role, he will be responsible for delivering Deutche Bank's global institutional sales and trading platform to ultra high net worth clients and expanding the bank's hold over the said segment in the process.

He will be based in Hong Kong and will report directly to both Asia ex-Japan institutional client group head and head of structuring Bhupinder Singh and Asia-Pacific chief executive officer Robert Rankin.

UHNWIs are defined as those with at least $30 million in investable assets. According to the latest Asia Pacific Wealth Report, there are currently 14,300 ultra high net worth individuals in the region.