Deutsche Bank has made Chip Packard its head of private bank activities in New York, Boston, Chicago and Florida, replacing Kyle Delaney.

Mr Packard will report to Tom Bowers, head of the US private wealth management division and continue to serve on the US private wealth management executive committee.  His appointment came into effect on 1 January and he is based in New York.

This is an internal hire, as Mr Packard joined Deutsche Bank in 2006. Since then he has successfully expanded the private bank’s partnership with Deutsche Bank's global banking and global markets divisions. 

Prior to joining Deutsche Bank, he was responsible for managing all interactions between Credit Suisse's investment banking and private banking divisions in the Americas. Chip also helped develop Credit Suisse's family office and ultra high net worth client segment strategies in the US and oversaw the concentrated equity product platform.  

Mr Delaney remains with the bank working for DB Advisors, Deutsche Bank’s institutional asset management business.