Deutsche expands private client team
Deutsche Bank intends to boost its service offering to high net worth clients with the appointment of Anthony Fasso into a newly created role as a director within its Australian private wealth management division.
Fasso, who is now Melbourne-based after commencing in the role today, joins the group from Swiss private bank Julius Baer where he headed up its Hong Kong business for private banking and asset management.
Deutsche Private Wealth Management head, Michael Parsons says the appointment is an important step in growing the group’s domestic private client business.
“We believe this is an exciting growth phase, demonstrating our commitment to the business and to the Melbourne market,” Parsons says.
Prior to his time with Julius Baer, Fasso worked forBT Financial Groupfor over 17 years, with his last role at the group as head of BT Funds Management Asia.
According to Parsons, Deutsche Bank Private Wealth Management offers high net worth investors access to services, products and intellectual capital through both strategic advice and investment selection services.
Parsons adds that Fasso’s private banking experience and industry knowledge will benefit both the group and its clients.
Recommended for you
AFCA has confirmed United Global Capital’s membership of the body will not be extended to accept further complaints, avoiding a repeat of the Dixon Advisory scenario.
Three of Australia’s largest financial advice groups have shared their thoughts with Money Management on whether they would include crypto on their approved product lists.
Shadow treasurer Angus Taylor has vowed to introduce a bill to legislate a raft of financial services reforms if the Coalition is elected.
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
