Deutsche Asset & Wealth Management (Deutsche AWM) today announced that
Lee Hutter has joined the Bank as Head of Wealth Management for the US
Western region. Based in Los Angeles, Hutter, a Managing Director,
reports to Haig Ariyan and Chip Packard, Co-Heads of Wealth Management
in the Americas. In this newly-created position, he is responsible for
overseeing the Private Bank and Private Client Services divisions of
Deutsche AWM in the Western region.
“As we expand our wealth management offering in the US, we are committed
to attracting the most talented professionals in the industry to serve
our clients,” said Packard. “We are excited that Lee has joined the
Bank, as he will play a critical role in further expanding our West
Coast platform and deepening our local relationships.”
With nearly 20 years of industry experience, Hutter joined from J.P.
Morgan Private Bank, where he was a Managing Director and a Private
Banker for over eight years, working with ultra-high-net-worth
individuals including financial sponsors, entrepreneurs and families.
Before J.P. Morgan, Hutter was a Principal at SkyBridge Capital, a
boutique asset management firm, where he was responsible for raising
capital from West Coast investors, including high-net-worth individuals,
foundations and endowments. Hutter earned a B.A. in History from Cornell
University and an M.B.A. from Columbia Business School. He is on the
board of advisors for the Posse Foundation and is actively engaged in
the arts in Los Angeles.
“We believe Deutsche’s overall wealth management division provides a
unique offering, as our platform seeks to deliver a boutique wealth
management experience, while leveraging the vast resources of a global
bank,” said Ariyan. “We are committed to delivering just this on the
West Coast where we a see growing demand for an innovative and
comprehensive wealth management platform.”
Deutsche AWM has made several key hires on the West Coast this year
including a private banking team based in Los Angeles and led by Brandt
Daniel. In addition to recent hires on the West Coast, Deutsche AWM
recently announced the opening of its Private Bank in Dallas.
Deutsche Asset & Wealth Management
With $1.31 trillion of assets under management (as of June 30, 2014),
Deutsche Asset & Wealth Management¹ is one of the world's leading
investment organizations. Deutsche Asset & Wealth Management offers
individuals and institutions traditional and alternative investments
across all major asset classes. It also provides tailored wealth
management solutions and private banking services to high-net-worth
individuals and family offices.
¹ Deutsche Asset & Wealth Management is the brand name of the Asset
Management and Wealth Management division of the Deutsche Bank Group.
The legal entities offering products or services under the Deutsche
Asset & Wealth Management brand are listed in contracts, sales materials
and other product information documents.
Copyright Business Wire 2014