Deutsche poaches JP Morgan private bankers in Hong Kong

- Joe Marsh
- 11 Mar 2008

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The team will start on March 12 and includes Margaret Kwong, former head of Hong Kong coverage at JP Morgan. She becomes managing director, reporting to Kenneth Toong, Hong Kong-based head of Deutsche Bank PWM for north Asia and deputy head for Asia-Pacific.

The other members of the team are Wendy Kong, managing director and relationship manager; Alice Chow, managing director and investment adviser; Wilfred Ng, director and investment adviser; Wayne Wai, director and relationship manager; and Frederick Fong, vice-president and relationship manager.

Deutsche Bank PWM recorded a 19% growth in invested assets in the Asia-Pacific region in 2007 and now manages €22 billion ($33.8 billion) on behalf of clients in nine markets.

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