Private Bank, Investment Manager, North Asia - Director

Position Overview

Details of the Division and Team:

Deutsche Bank’s Private Bank business is one of the largest wealth managers worldwide. We offer our clients a broad range of traditional and alternative investment solutions, as well as comprehensive advice on all aspects of Wealth Management. As a trusted partner of wealthy individuals and entrepreneurs, family offices and foundations, we create lasting value for clients. We specialize in developing bespoke solutions for our clients around the world, for instance wealth planning across successive generations and international borders, asset management with individual risk management, loans and deposits. All this is possible thanks to our global network, our many years of experience and our close collaboration with the Corporate Bank, Investment Bank and DWS. We aim to become a highly competitive global wealth manager by combining financial strength and stability with trustworthy partnership and forward-thinking in order to build sustainable and beneficial client relationships. As a growth business for Deutsche Bank, we contribute towards building a more balanced, less capital intense and stable business model for the bank.

The Investment Manager is a primary point of contact for clients to access the entire suite of investment capabilities, insights and solutions offered by Deutsche Bank Wealth Management. This is achieved by working in close partnership with the Relationship Manager in the day-to-day planning and servicing for the client. The individual leverages the insight and expertise of the Deutsche Bank Wealth Management Chief Investment Office and the global and regional investment committees to provide advice around long-term thematic investment opportunities, short-term tactical trades and asset allocation. The Investment Manager employs a wide range of asset classes and capabilities, leveraging the knowledge from dedicate product specialists, to address clients’ needs holistically, including lending and financing, deposits, discretionary and advisory portfolio management solutions, capital markets, private markets, alternative investments and wealth planning. Investment Manager will have accountability for total investment AUM, revenue, asset retention and contribution towards business mix goals

What we will offer you:

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.

You can expect:

• Competitive Salary and non-contributory pension

• 20 days annual leave plus generous number of public holidays

• Life Assurance and Private Healthcare for you and your family

• A range of flexible benefits including retail discounts, gym benefits, wellbeing incentives

• The opportunity to support a wide ranging CSR program plus take volunteering leave days

Your key responsibilities:

• Act as the central point of contact for clients’ investment needs / advice and be responsible for increasing share of wallet from existing clients

• Partner up with the Relationship Manager to serve clients across a defined portfolio

• Serve as strategic advisor on client’s overall investment portfolio, and drive holistic portfolio construction and asset allocation activities, delivering the CIO view to clients and ensuring portfolios are built and overseen accordingly

• Assess clients’ overall risk appetite and keep client risk profiles up-to-date and regularly reviewed

• Own overall suitability and appropriateness of all investments for the client; ensure that all corresponding checks are performed

• Collaborate with the relationship manager on account behavior and flag relevant updates, and on input for KYC

• Collaborate closely with key internal partners, including discretionary portfolio managers and DB WM’s entire range of product specialists to deliver the firm’s best capabilities, solutions and investment thinking

• Proactively identify needs and corresponding opportunities to originate solutions across capital markets, discretionary mandates, advisory mandates and alternative investments

• Proactively seek to manage and control risks while maximizing financial returns in line with regulations

• Monitor clients’ asset allocation across investments and provide ideas for rebalancing across product spectrum based on CIO view

• Arrange and execute regular (quarterly, semi-annual, annual) investment and business reviews with assigned clients and relevant internal partners, highlighting and fill any gaps where required

• Support the Relationship Managers in their new client acquisition efforts through participation in client pitches and showcasing Deutsche Bank Wealth Management capabilities

• Act within professional, legal and ethical boundaries and guidelines, observing all internal and external compliance regulations and code of ethics and conduct; flagging and managing reputational risks and conflicts issues

Your skills and experience:

• Proven experience in portfolio construction and asset allocation, with knowledge and understanding of private clients and U/HNWI client needs

• 11 or more years of relevant investment experience

• Managing and/or advising on multi-asset class portfolios for clients across traditional and alternative assets

• Opportunistic/idea-driven investing

• Fluent in delivering a capital market outlook from both an investment strategist’s view (i.e., top down) and a manager’s view (i.e., bottom up) with the purpose of articulating why suggested allocations and solutions are appropriate for a given investment objective and market environment

• Experienced and comfortable in leading investment discussions in one-on-one meetings and small groups

• Evidence of past success at building a business by attracting assets, principally as a result of the ability to quickly gain the confidence of a client

• Fluent in discussing performance attribution

• Have a good understanding of the governing regulatory framework (e.g. RDR, MiFID II, etc.), including but not limited to applicable confidentiality / secrecy / data protection regulations and cross border rules where relevant

• Ability to introduce existing client relationships a plus

• Superior investment acumen with a strong understanding of various asset classes

• Superior analytical skills as well as being detail-oriented on both strategy and execution

• Excellent client-facing skills

• Excellent communication skills and collaboration skills

• Professional integrity

• Self-starter and ability to work with teams across different locations

• Willing and able to develop other staff, e.g., analysts

• CFA, MBA degree or other advanced degree a plus

• Relevant local licenses and qualifications

• Fluency (written and oral) in English and other languages such as Chinese languages, used in the target coverage market required due to engagement with Chinese client group.

How we’ll support you:

• Flexible working to assist you balance your personal priorities

• Coaching and support from experts in your team

• A culture of continuous learning to aid progression

• A range of flexible benefits that you can tailor to suit your needs

• Training and development to help you excel in your career

About us and our teams:

Deutsche Bank is the leading German bank with strong European roots and a global network. click here to see what we do.

Deutsche Bank & Diversity

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We welcome applications from all people and promote a positive, fair and inclusive work environment.