People Moves

Deutsche Bank WM Names New Southeast Asia Head

Editorial Staff, 25 May 2020

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The outgoing SE Asia head has been at the Frankfurt-listed banking group since 2009.

One of the most prominent names in Southeast Asia’s wealth management sector, Kwong Kin Mun, is retiring from the firm and will be replaced by former HSBC Private Banking senior figure Chow Shang Wei, this publication can confirm. 

Kwong Kin Mun has worked for 30 years in the financial industry. Prior to joining Deutsche Bank in 2009, he was the South Asia Private Banking head of DBS Bank where he was responsible for managing and developing its private banking business in the region. He joined DBS in 2003 as its private bank's marketing head. Kwong Kin Mun previously held senior private banking positions at Citigroup Private Bank, Standard Chartered Bank and UBS Wealth Management. He has also had experience as a financial consultant at Merrill Lynch.

Among recent changes, Deutsche Bank named a new Asia-Pacific head, Alexander von zur Mühlen, taking up the post as of 1 August when Werner Steinmüller retires from the management board on 31 July. Steinmüller will continue to serve the bank in an advisory role until the year-end. Von zur Mühlen joined Deutsche Bank in 1998 after studying business management. Following a variety of roles in investment banking, lastly as co-head of debt capital markets in Europe, he was appointed group treasurer in 2009. In this function he managed the bank’s capital, liquidity and funding. In 2017 he was appointed co-head of global capital markets and one year later named global head of group strategy in summer 2018.

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