Deutsche asset and wealth management (DeAWM) has hired four client advisers in response to the staggering growth of its London-based wealth management client business.

Earlier this year, DeAWM divested its regional UK wealth business, and is now focusing on the London proposition.The bank said London-based wealth management UK client business volumes of high- and ultra-high-net-worth have more than quadrupled in the last five years.

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Peter Arkell and Philippe Pollet joined from Barclays Wealth and Investment Management; Lucy Shrapnell joined from The Termes Partnership; and Jason Turner joined from Kleinwort Benson Private Bank.

Tom Slocock, head of wealth Management UK, said the bank plans to further expand the London adviser team as DeAWM’s client base and business volumes continue to grow.

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