Jin Yee Young has been appointed as Head of the International Private Bank (IPB) Asia Pacific (APAC), subject to relevant regulatory approvals, effective January 3, 2023. Located in Singapore, Young will also serve on the IPB’s global executive committee.
“In Jin Yee Young we have found an outstanding leader to take the IPB in APAC to the next level. Throughout her distinguished career, Jin Yee has proven herself a strong and effective leader. As one of the most well-respected private bankers in Asia, she possesses all the skills and deep market knowledge needed to run our business. Already one of the top Ultra High Net Worth Wealth Management franchises in Asia, coupled with our highly regarded India business, we have strong ambitions to propel our business further into its next phase of growth. Our goal in this dynamic region is to become the leading financial institution for entrepreneurs and their families leveraging the full Deutsche Bank offering. I wish Jin Yee every success,” said the Head of the IPB and CEO EMEA, Claudio de Sanctis.
Young joins Deutsche Bank with more than 25 years of expertise in wealth management (WM), most recently serving as Credit Suisse’s CEO for SymAsia Foundation, Deputy CEO of WM APAC, and Head of WM for Singapore. She has held high leadership positions before, including those of Market Group Head for Singapore & Malaysia and South Asia Switzerland, as well as several leadership positions in markets like Indonesia, Taiwan, China, Hong Kong, and Japan. She worked for Citibank Singapore and DBS Private Bank before joining Credit Suisse.
As of January 3, 2023, Lok Yim will be focusing on his role as Chief Executive Officer of Deutsche Bank HKSAR. He will have served as Head of our WM and IPB APAC businesses for six years.
De Sanctis said, “Lok Yim has been instrumental in developing the bank’s Asia Pacific WM client business and positioning it for continued growth in the years ahead.”
“He has been responsible for transforming Deutsche Bank’s wealth business in the region, working in a strong and productive partnership with all our business and infrastructure partners. As we transition our business to its next stage of growth, we are pleased to continue working closely with Lok in enhancing our contribution to the bank’s broader Hong Kong platform.”
Alexander von Zur Muehlen, chairman of the management board for the Asia Pacific stated, “Wealth Management continues to be a cornerstone of our offering for clients in the Asia Pacific region, and a critical growth driver for our platform. In Hong Kong, one of our most important hubs globally, the close partnership between our wealth management, investment bank, and corporate bank businesses is a unique advantage in serving the needs of our sophisticated client base. Pulling together the full suite of our product capability across divisions as well as the power of our entire global network for our clients is a particular strength of Lok’s. Under his continued leadership, we are confident that our Hong Kong platform will continue to strengthen and grow.”