NEW YORK--(BUSINESS WIRE)--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.