Deutsche Bank Wealth Management has hired three executives out of Credit Suisse to work on building its Southeast Asia operation from Singapore.

The team is led by Urs Brudermann, who previously worked for Credit Suisse for nearly 12 years, latterly as its team leader for the private bank in Thailand, Singapore, and Hong Kong. He becomes a managing director and group head of Southeast Asia. He reports to Shang-Wei Chow.

Joining him are Shawn Ngoh and Pichaya Prawanmeet, becoming director and vice president respectively. Both also join from Credit Suisse.

Mr Chow said in a press statement that the recruits were...