Deutsche Bank has appointed Raffael Gasser as the new head of wealth management and private banking in Germany, effective 1 November, 2024. In his new role, Gasser will become part of the private bank's executive council and report to Claudio de Sanctis, the Deutsche Bank management board member responsible for the private bank. Gasser joins from UBS in Zurich, where he led the Northern European business with wealthy clients since 2023. Prior to UBS, he spent 14 years at Credit Suisse in various senior positions in wealth management, most recently as a member of the management committee of global wealth management and as head of private banking international, the business unit for wealthy clients worldwide who were managed in Switzerland. Prior to this, he was among others as CEO of Credit Suisse in Luxembourg responsible for various European branches and before that for the German market.