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Deutsche Bank PWM lose London boss & global discretionary head

Deutsche Bank PWM lose London boss & global discretionary head

Deutsche Bank Private Wealth Management’s London boss and global head of discretionary portfolio management have both left the company.

Juliet Wedderburn, one of Wealth Manager’s Top 100 in 2012, was head of Deutsche Bank Private Wealth Management’s London operation.

She previously worked at Bankers Trust and JP Morgan Chase, first joining Deutsche in 1996 to work as managing director of global markets.

Wedderburn left the organisation in 2004 to chair a mental health charity and work as partner at a hedge fund, but returned to Deutsche in 2007 to focus on developing the wealth management offering.

Arnaud de Servigny has also departed from the business. He was global head of discretionary portfolio management and investment strategy at Deutsche Bank Private Wealth Management.

Previously a managing director at Barclays Wealth – where he was in charge of economic and behavioural research, investment strategy and asset allocation – de Servigny joined Deutsche in 2010.

Last month Asoka Wöhrmann was promoted to chief investment officer of Deutsche Asset & Wealth Management; he had formerly shared the role with Randy Brown, who was elevated to head of the United Kingdom and global head of insurance and pension solutions.

Wöhrmann is expected to take on de Servigny’s responsibilities, while a replacement for Wedderburn has yet to be confirmed.

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