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Deutsche Asset & Wealth Management Hires Thomas Clarke as Head of Lending & Deposit Products, Americas

NEW YORK--(BUSINESS WIRE)--Deutsche Asset & Wealth Management (DeAWM) has hired Thomas Clarke as Head of Lending & Deposit Products, Americas, effective September.

“DeAWM is a leading provider of strategic lending and deposit product solutions for clients in the Americas and globally. I am delighted that a professional of Tom's caliber will be joining us to further develop our client offering and spearhead the growth of our regional business.”

In this role, Clarke will lead DeAWM's Lending & Deposit Product business across the Americas region, with overall responsibility for strategy, product development and client service. He will manage a team of specialists who work with bankers and clients to structure bespoke solutions to suit clients' liquidity and funding needs.

Clarke, a Managing Director, will be based in New York. He will report to Balaji Prasanna, Global Head of Lending, Deposit Products and Wealth Planning Solutions, and regionally to Jerry Miller, Head of DeAWM Americas.

Clarke will join from JPMorgan, where he was U.S. Head of Capital Advisory in the Private Bank, responsible for the U.S. wealth management lending business. Before that he was U.S. Head of Banking Products at JPMorgan Securities.

Balaji Prasanna said: "DeAWM is a leading provider of strategic lending and deposit product solutions for clients in the Americas and globally. I am delighted that a professional of Tom's caliber will be joining us to further develop our client offering and spearhead the growth of our regional business."

Jerry Miller said: "Lending and deposit products are a core part of the service we offer in the Americas. We continue to strengthen our team to ensure we provide our clients with a full suite of high quality solutions across both wealth and asset management."

Deutsche Asset & Wealth Management

With $1.29 trillion of assets under management (as of March 31, 2014), Deutsche Asset & Wealth Management┬╣ 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.

┬╣ 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. I-035299-1.0 018708 070714

Contacts

Deutsche Asset & Wealth Management
Catherine Wooters, +1 212-250-2790
catherine.wooters@db.com