Former Credit Suisse Group executive Young Jin Yee will start at Deutsche Bank next year and continue to be based in Singapore as head of private banking in Asia-Pacific. She will replace Lok Yim, who will remain at the German lender as head of Hong Kong. Young is the highest-ranking wealth departure in Asia so far at Credit Suisse. She’s the deputy to Benjamin Cavalli, the regional head of private banking, as well as chief executive officer of the SymAsia Foundation, handling philanthropic activities of the bank’s wealthy clients. Her promotion made her the first female in a senior private banking role to join the bank’s Asia-Pacific operating committee. Deutsche Bank is building up its wealth management services globally as part of its ambitions to become the euro area’s largest private bank.
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