Deutsche Bank has recruited Ravi Raju from Citigroup to head its private wealth management efforts for Asia-Pacific. He will replace Rico Caduff, who will become chairman of private wealth management in the region in a newly-created role. Mr Raju, who joins Deutsche effective March 8, was head of investments for Asia Pacific and the Middle East at Citigroup's wealth management unit. He worked at Citigroup for 16 years and held various positions there.

Meantime, Samir Raslan has been made head of investments for Citigroup Global Wealth Management for the Asia-Pacific and Middle East region, succeeding Mr Raju. Mr ...