Deutsche Bank has promoted an equities and derivatives salesman to head up its new family office business in the UK.
Roberto Rosati (pictured) joined Deutsche Bank in 2006 and became head of equity sales for southern Europe in 2012. In 2018, he also took on the role of equity derivatives flow sales across continental Europe.
Rosati will now become managing director of single family offices within the UK.
“The addition of SFO coverage is a further step in continuing our build out in the UK market,” said Deutsche Bank UK chief executive Michael Morley in an internal note seen by Portfolio Adviser.
“We remain committed to building a model advice-led wealth management business in the UK and his appointment to our team is another strong step in that direction.”
In July 2019, Deutsche Bank announced it was cutting 18,000 jobs worldwide including a number of staff from its London office, which is a hub for investment banking.
Rosati officially took on his role on 1 January and also becomes a member of the wealth management UK executive committee. He reports to Morley.
