Deutsche Asset & Wealth Management (DeAWM) has opened a private bank in Dallas and has hired Mark LaRoe as a managing director and head of the US private bank in the Texas region.
LaRoe reports to Chip Packard, co-head of wealth management and head of the private bank in the Americas.
“We are thrilled for Mark to lead our office in Dallas, as he has a proven track record as a leader in both the private banking industry and within the local community,” says Packard. “Mark will be critical in building upon our well established Private Client Services business and growing our new private banking business in Texas."
With more than 30 years of industry experience, LaRoe joins from JP Morgan Private Bank, where he was a managing director for over 16 years. While at JP Morgan, he held a variety of positions including head of their Florida market and, most recently, as a senior managing director of the Dallas team and member of the market leadership teams for the DFW Metroplex and Oklahoma.
Before JP Morgan, LaRoe spent most of his career as a banker for Comerica Bank in Dallas.
Anthony Scotti has also joined the firm as a vice president and private banker. Prior to DeAWM, Scotti was a vice president at JP Morgan Private Bank in Dallas, where he managed existing clients and developed new relationships throughout Texas. Prior to JP Morgan, Scotti was a relationship manager for Credit Suisse’s private bank in Los Angeles.