Deutsche Bank Wealth Management has hired a relationship manager from UBS as it continues to expand its UK business.
The firm announced on Monday the appointment of Alexis Pateras, marking its third hire from UBS in the past six months.
Pateras spent the past 13 years at UBS, where he advised UK-based entrepreneurs and financial services professionals with a net worth of more than £50m.
He will be based in London and report to James Whittaker, who also joined from UBS last month to head UK coverage.
The firm also tapped UBS in May for Sofia Sool, who covers European emerging markets, with a particular focus on Russian and Eastern European clients.
Deutsche Bank International Private Bank head of UK and Nordic markets Michael Morley, who is also CEO of Deutsche Bank UK, said: “Alexis’s appointment continues our investment in the growth strategy for wealth management in the UK and our buildout in London.”
It follows the creation in June of Dutsche Bank’s International Private Bank from the combination of its wealth management and private and commercial businesses. The combined entity serves 3.4 million private, wealth and commercial clients globally.