Global banking giant Deutsche Bank's private wealth management arm has appointed Peter Pfister as director of private equity investments for Asia Pacific.
Pfister has moved from Zurich to Singapore to fill the newly created position. He spent more than three years at the private equity group in Zurich and relocated to Singapore in December 2008. He is the first team member of the firm's private equity group to be based in Asia.
As head of the wealth management arm's Asian private equity operations, Pfister will be responsible for origination, product development and supporting of distribution for the private equity unit. He reports locally to Anurag Mahesh, head of global investments services in the Asia Pacific, and globally to Marco Bizzozero, the bank’s global head of private equity investments.
The private equity group provides investment opportunities to high net worth individuals and to a few institutional investors, providing them with access to private equity fund managers as well as co-investment opportunities.
The group manages assets of $3.3 billion as of 31 December 2008. Approximately 20 percent of this amount is committed to Asian private equity funds across three fund of funds, according to a spokesman. The group started committing to Asian private equity funds and co-investment opportunities in 2004, the spokesman added.
Its team comprises of 24 professionals based across offices in Zurich, Geneva, New York, Baltimore and Singapore.
The private wealth management arm of the bank has also appointed Christian Nolting as its regional head of portfolio management and lead strategist in Asia Pacific. Nolting will lead a team which advises clients on investment strategy, portfolio construction and asset allocation. Nolting, who joined the bank in 1991, was earlier the chief investment officer for Euroland at the private wealth management unit of the bank.
Nolting reports locally to Mahesh as well, and globally to Helmut Kaiser, global chief investment strategist at the firm.