Deutsche Bank continues to expand in Asia with the latest addition of the former Singapore chief executive from Pictet.
Deutsche Bank names Dominique Jooris as Asia Pacific head of wealth solutions, according to a statement,
Jooris was most recently CEO of Bank Pictet in Singapore before he was succeeded in January this year by Sharon Chou. Previously, Jooris held various senior dept capital management roles including 11 years at Goldman Sachs.
According to the statement, Jooris will be focused on driving coverage of the family office segment in the region.
Asia Pacific continues to be the fastest-growing region in the world for wealth accumulation and has been for the last 20 years. Asia Pacific is already home to more billionaires than any other region, the bank added.
Given this dramatic wealth accumulation, many Asian families are institutionalizing their wealth management through more efficient structures and vehicles, primarily via family offices.