Deutsche Asset & Wealth Management (DeAWM) has opened its private bank in Dallas in its push to expand its presence in the Americas.
The firm hired Mark LaRoe as a managing director and head of the US Private Bank in the Texas region.
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LaRoe, who has more than 30 years of industry experience, joined DeAWM from JP Morgan Private Bank, where he was a managing director for over 16 years.
Before JP Morgan, he spent most of his career as a banker for Comerica Bank in Dallas.
He will report to Chip Packard, co-head of wealth management and head of the Private Bank in the Americas.
Packard said: "We are thrilled for Mark to lead our office in Dallas, as he has a proven track record as a leader in both the private banking industry and within the local community. Mark will be critical in building upon our well established Private Client Services business and growing our new private banking business in Texas."
Also, DeAWM has appointed Anthony Scotti as a vice president and private banker. Prior to DeAWM, he was a vice president at JP Morgan Private Bank in Dallas, where he managed existing clients and developed new relationships throughout Texas.
DeAWM’s Private Bank offers customized financial solutions to ultra-high-net-worth individuals (UHNWIs), families, and institutions.
