Deutsche Bank announced today that Jerry W. Miller has been appointed Head of Asset & Wealth Management Americas, effective immediately.
Miller is based in New York and reports to Michele Faissola, Head of Asset & Wealth Management. He joins the Deutsche Asset & Wealth Management Executive Committee and will chair the division’s America’s Executive Committee. Miller will also join the Deutsche Bank North America Executive Committee, led by Jacques Brand, Chief Executive Officer of Deutsche Bank North America.
Deutsche Asset & Wealth Management now manages a portfolio of nearly $400 billion of invested assets for clients in North and Latin America and offers individuals and institutions traditional and alternative investments across all major asset classes. It also provides tailored wealth management solutions and private banking services to high-net-worth individuals and family offices.
Miller has extensive leadership experience in both asset and wealth management. From 2006 to 2010 he worked at Morgan Stanley, first leading the Central Division of the Global Wealth Management business, then as President and CEO of Van Kampen Investments. Before that he spent more than two decades at Merrill Lynch, ultimately as a member of the senior leadership team at Merrill Lynch Investment Managers.
He joins Deutsche Asset & Wealth Management from Lightyear Capital LLC, a private equity firm, where he was a Senior Advisor responsible for the acquisition of financial services companies, with a focus on investment management and wealth management firms.
Michele Faissola said: "Jerry is a talented leader and a highly respected figure in the industry. I am delighted that a professional of his caliber shares our excitement about the opportunity we have in the Americas and the quality of solutions we offer clients. Under his leadership, we will continue to expand our Americas business, giving more clients the chance to benefit from our global asset and wealth management expertise."