Deutsche Bank Wealth Management’s Americas head Patrick Campion is stepping down after four years in his role, thewealthnet can reveal, making way for a new leader as the bank re-arranges its global private banking operation.

It is understood that Mr Campion, who was latterly head of the international private bank (IPB) for the Americas, informed the bank earlier in the year of his plans to resign as a means of assisting with succession planning, though his departure was only announced internally today (27 July).