Deutsche hires new wealth management head in Asia

Deutsche Bank has reshuffled its wealth management heads in Singapore following the poaching of Ravi Raju from Citigroup’s wealth management arm.

Raju will take on the role of head of private wealth management for Asia-Pacific at Deutsche from March 8. He assumes the responsibilities of Rico Caduff, who takes on the newly created role of chairman, private wealth management for Asia-Pacific.

Raju joins Caduff on the German bank’s global private wealth management executive committee. Kenneth Toong, formerly Deutsche’s head of private wealth