The Germany-based group is planning to hire about 300 client-facing figures at its wealth arm by 2021, as announced last year. A week ago it announced that it had formed a new international private bank, drawing together existing units into a new group.

Deutsche Bank has appointed Shang-Wei Chow as head designate of WM Southeast Asia. 

He will take charge of the business following a transition with Kin-Mun Kwong, who is retiring, in the second half of the year, the bank said last Friday. 

Shang-Wei Chow joins from HSBC Private Banking, where he was a managing director and market head for Singapore and Malaysia. He was previously at UBS between 2004 and 2016, covering a variety of Southeast Asian markets and Australia. 

Before that, Chow started his career at UOB.

The bank recently announced that it was building a new international private bank, pulling together teams from existing units as part of a bid to build scale.