Deutsche Bank Private Wealth Management (PWM) has appointed Wayne Yang to the newly created role of head of key clients group, South East Asia.

Yang joins from Merrill Lynch, where he was head of ultra high-net-worth private investment banking coverage, Pacific Rim.

Based in Singapore, he will report directly to Ravi Raju, head of PWM Asia Pacific, and will have oversight of the Key Clients Group, a team dedicated to integrating the business of wealth management and investment banking for the benefit of ultra high-net worth clients in South East Asia.

Raju said: "With over 19 years of private banking experience, Wayne is well-placed to provide stewardship to further our 'One Bank' vision, which reinforces our connectivity with the investment bank. This will enable us to tap the global competencies of our investment bank to deliver wealth creation and management services to our client base of entrepreneurs and ultra high-net-worth individuals."

He is the fifth senior appointment for Deutsche Bank PWM's Asia Pacific operations since the beginning of 2009. In March, the Bank appointed Christian Nolting as regional head of portfolio management and lead strategist Asia Pacific; Peter Pfister as director, private equity investments Asia Pacific; Anil Venuturupalli as chief operating officer Asia Pacific and Mark Smallwood as head of wealth management solutions Asia Pacific.