Family Office
Deutsche takes private bankers from UBS
German bank’s high-net-worth group hires L.A. wealth-and-art
advisors. Deutsche Bank just plucked two Los Angeles-based
private bankers from rival UBS. Clinton Hodges and Kyle Dunphy,
who worked together at UBS as wealth managers and art advisors to
private clients and cultural institutions, will work to bring in
new clients to Deutsche’s Private Wealth Management (PWM) office
in the City of Angels.
“The greater Los Angeles area is a key market for our private
wealth management business and these strategic hires will further
strengthen our presence here,” says Paul Miller, managing
director of PWM’s Los Angeles office. “[Hodges] and [Dunphy]
bring a broad range of experience providing banking and advisory
services to high-net-worth individuals that will ensure we
continue to meet the needs of our clients.”
To judge form old releases, PWM and Deutsche Bank Alex. Brown,
the private-client unit of Deutsche Bank Securities, have hired
fairly aggressively this year, especially on the West Coast.
In addition to its Los Angeles location, Deutsche’s U.S. private
bank has offices in New York, Greenwich, Conn., Boston, Palm
Beach, Fla., Chicago, San Francisco and Orange Co., Calif.
–FWR
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