German megabank pulls in private banker, two investment advisors from Citi. Deutsche Bank's Private Wealth Management division has hired three former Citigroup wealth managers to work with West Coast clients.

The new hires are Ed Lok, Jonathan Herpel and Deirdre Judge. Lok reports to Mark Pittsey, head of Deutsche's PWM office in San Francisco. Harpel is based in San Francisco as well, but he reports to PWM investment-advisory head John Alexander -- as does Judge, who is based in Los Angeles.

Globe trotters

"We are extremely pleased to welcome Ed, Jonathan and Deirdre to our team," says PWM head Thomas Bowers. "They will be a tremendous asset to our organization as we further enhance our position as a leading integrated private bank."

Lok was with Citigroup Private Bank in San Francisco. Before that he was an investment banker in Hong Kong, also with Citi. Herpel's last job -- it seems -- was as a senior portfolio manager with Citigroup Asset Management (CAM) in Geneva. CAM became part of Legg Mason at the end of 2005. Judge was a director of Citi's hedge-fund strategies group in Los Angeles.

Herpel was previously at Citigroup Asset Management in Geneva, as a director and senior portfolio manager. He has also worked as the director of investment services at Citigroup Private Bank, as well as at Bank of America in different positions. She has also worked as an investment counselor at Fleet Asset Management (now part of Bank of America) in Stamford, Conn.

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

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