Family Office

Deutsche names new head of private-wealth sales

FWR Staff July 5, 2006

Deutsche names new head of private-wealth sales

Mitch Higgins to coordinate private-wealth product sales across biz lines. Mitchell Higgins, formerly of Legg Mason and Citigroup, will join Deutsche Bank as a managing director and head of sales for its U.S. Private Wealth Management (PWM) group. He reports to PWM head Thomas Bowers.

"Seamlessly delivering client solutions across investments, capital markets, trust, banking and a structured lending platform requires strong teamwork and organizational coordination," says Bowers. "Mitch will play an important leadership role in coordinating the sales process for [Deutsche's private-banking business] and the private-client services business of X DB Alex. Brown."

Alex. Brown too

Higgins will be responsible for coordinating the sales process of PWM products across all business lines, working with product management and investment solutions, as well as Deutsche Bank Alex. Brown and Deutsche's private-bank management.

Higgins joins PWM from Legg Mason, where he was responsible for distribution to third party private banks. Prior to that, he was responsible for national proprietary investment sales for Citigroup Private Bank in the U.S. During his tenure at Citi, he also held the role of senior v.p. and senior investment officer of Citigroup's trust business. He was also a founding member of the alternative investments group at Citigroup subsididary Smith Barney. Before that, Higgins was a relationship manager at U.S. Trust.

Deutsche's PWM provides U.S.-based high-net-worth clients with investments, risk-management strategies, credit, trust and estate services, wealth-transfer and philanthrophic planning and family-office services. Headquartered in New York, it has offices in San Francisco, Los Angeles, Orange Co., Calif., Chicago, Greenwich, Conn., Boston and Palm Beach, Fla. -FWR

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