Deutsche Bank has hired Caroline Kitidis from Goldman Sachs as head of key client partners and wealth investment advisory for the Americas, as the bank intensifies its focus on UHNW clients in the region.

Deutsche Asset & Wealth Management has recruited Caroline Kitidis from Goldman Sachs as head of key client partners and wealth investment advisory for the Americas, as the bank intensifies its focus on ultra high net worth clients in the region.

Kitidis starts in August after 15 years at Goldman Sachs, where she was most recently head of the Americas structured solutions group within private wealth management. Prior to that role, she led equity derivative structuring for private clients.

Reporting to Dario Schiraldi, head of the global client group, and Chip Packard and Haig Ariyan, co-heads for wealth management in the Americas, Kitidis will lead a team that structures investment solutions for UHNW clients in the Americas, including individuals and family offices. She will be based in New York. 

The appointment of Kitidis follows a number of related hires in recent months signaling the bank’s increased focus on its UHNW business. In March, Raphael Zagury was hired as head of key client partners and wealth investment advisory for Latin America – a newly-created role. Then, in May, Jerry Miller was brought in as head of Deutsche Asset & Wealth Management Americas, another new position at the firm (view here). More recently, last month Vinit Sahni - latterly of Bank of America - was added to the key client partners group in London.

Deutsche now has 370 relationship managers and investment specialists in the wealth management team for the Americas. It manages a portfolio of nearly $400 billion in invested assets for clients in North and Latin America, of which some $80 billion are wealth management assets, it said.

Deutsche Asset & Wealth Management has €944 billion ($1.3 trillion) of assets under management, as at end-December 2012.