Coley Jellinghaus is joining as a managing director and head of structured products and capital markets while Kjeld Engberg starts as head of structuring.

The expanded team will focus on developing products and investment ideas for UHNW clients, Deutsche said.

Jellinghaus spent the last 10 years at Credit Suisse, most recently head of structured products for private banking in North America.

Engberg spent three years at Credit Suisse as a director and head of structuring of structured products.