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Deutsche Bank Wealth Management has hired an executive from UBS Global Wealth Management to lead Global Products and Solutions for the Americas.
Samuel Descovich, who used to be in charge of Capital Market Solutions for the Americas at UBS, now will focus on alternative investments, capital markets, trust and custody services, and related areas. He will be based in New York.
He also will support Wealth Advisory, a fee-based and tailored advisory product in the Americas that lets investor clients "play an active role in managing their investment accounts with Deutsche Bank Wealth Management as a fiduciary partner," the firm says.
