People Moves
Deutsche Boosts Private Banking Force In California

Deutsche Bank has made two wealth management appointments in California, as the firm ramps up its coverage in the US western region.
Deutsche Bank Wealth Management is expanding its presence in the US western region, carving out a new role in the Golden State and recruiting from Morgan Stanley.
Russell Daulton has been appointed to the newly-created position of San Francisco, CA, market manager, responsible for extending the private bank’s reach in the region’s thriving technology space, while Susan Rounds has joined as a director and wealth planner in Los Angeles, CA.
Daulton has worked at Deutsche Bank for over a decade and was latterly a senior private banker in San Francisco. Earlier, he held relationship management roles at JP Morgan Private Bank, and spent 12 years at Wells Fargo Private Bank.
Rounds was previously an executive director of UHNW resources and regional advanced planning director at Morgan Stanley Wealth Management. Before that, she spent nearly a decade at Wells Fargo Wealth Management as senior director of planning.
Daulton and Rounds will report to Lee Hutter, head of Deutsche Bank WM for the US western region, and Sam Petrucci, head of wealth planning in the Americas, respectively.
“The US Western region will be integral in driving our business forward in focusing on meeting the evolving wealth management needs of the technology industry and providing innovative solutions for those needs,” said Hutter.
Earlier this year, Deutsche Bank recruited Patrick Campion as head of wealth management for the Americas.