And, on the Cayman Islands, intermediary team leader gets a wider purview. Deutsche Bank's Private Wealth Management (PWM) unit has hired former Bear Stearns executive George Zahringer III as a managing-director rank client advisor in New York. He reports to Haig Ariyan, head of Deustche Bank PWM's New York region operations.

"We are extremely pleased to add someone of George's caliber to our franchise," says Thomas Bowers, Head of Deustche Bank PWM's U.S. division. "His deep relationships with the financial sponsor community will be key to leveraging synergies with the Global Banking and Global Markets divisions of Deutsche Bank."

Sunshine and exercise

Zahringer has been in the financial-service business for more than three decades. With Bear Stearns (now part of JPMorgan Chase), he was a senior managing director and client advisor. He is a member of the board of directors for Chrysler Corporation and Remington Arms.

And it seems Zahringer is a dab hand at golf too: he was the 2002 United States Golf Association mid-amateur champion and a member of the 2003 U.S. Walker Cup team.

Deutsche Bank has also given Janet Hislop head of PWM's financial intermediaries team on the Cayman Islands, additional responsibilities as the German bank's "chief country officer" in the Caymans.

As a result, Hislop "will manage the Cayman office providing local oversight of risk management, regulatory and corporate governance issues," Deutsche Bank explains in a press release. "She also will support marketing activities and new business initiatives and will be the principal liaison with local and other regulatory bodies."

In the U.S., Frankfurt-based Deutsche Bank's PWM consists of its U.S. private-banking operations and Deutsche Bank Alex. Brown, the retail-brokerage side of Deutsche Bank Securities. -FWR

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