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Deutsche Bank appoints head of wealth management in Italy

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Deutsche Bank has appointed Roberto Coletta as Market Head of Wealth Management Italy. In his new role, Coletta will report directly to Roberto Parazzini, who has led the Italian team on an interim basis in recent months since his recent promotion to Head of Wealth Management Southern & Western Europe.

Coletta will be responsible for the bank’s wealthy, high net worth (HNW) and ultra-high net worth (UHNW) Italian clients, as well as for the products and services platform of Wealth Management in Italy. As head of the business, Coletta will also report to Flavio Valeri, Chief Country Officer Italy for Deutsche Bank.
 
Coletta, 45, has a degree in economics from La Sapienza University and a master’s degree in savings management from Rome Tor Vergata University. He has built up strong experience in providing asset management, financial and banking markets services for major Italian families throughout his career, working with family offices and financial holding companies as well as dealing with corporate finance transactions.
 
He was most recently at Credit Suisse, where for the past six years he led the UNHW Individual (UHNWI) segment for the Italian Market Area (Coverage, Family Office Team and Corporate Advisory). This included the Italian activities of UHNW clients in Italy, the UK and Luxembourg within the International Wealth Management unit.
 
Previously he was responsible for the Private Banking activities of the Key Clients Team at BNL-BNP Paribas Private Banking. He started his career managing personal wealth in Banca di Roma, Gruppo Banca CR Firenze and in Banca Popolare dell’Emilia Romagna.
 
Claudio de Sanctis, Head of Wealth Management Europe at Deutsche Bank, says: “The arrival of Roberto Coletta as head of the Italian team is another important step in the broader global growth strategy of Wealth Management, which includes hiring 300 new relationship and investment managers by 2021.
 
“One of our main areas of focus is Europe, where we want to expand our client base and contribute to the growth of Deutsche Bank Group, based on our reputation for outstanding service and our well-established relationships with families and entrepreneurs here, especially in Germany, in southern Europe, led by Italy, and in the UK.”
 
Roberto Parazzini, Head of Wealth Management Southern & Western Europe, says: “We warmly welcome Roberto to Deutsche Bank’s great Wealth Management team. We are certain that Roberto will bring the right experience, strong leadership and excellent knowledge of the market in leading the Italian team.
 
“We are expanding by recruiting dozens of new professionals, with the aim of making Deutsche Bank Wealth Management the benchmark for Italian entrepreneurs and families looking for an international partner to manage their assets, and therefore contributing to our European and global growth.”
 
With client assets of approximately 300 billion euros (as at 31 March, 2019), Deutsche Bank Wealth Management is one of the largest wealth managers worldwide. It offers wealthy clients a broad range of traditional and alternative investment solutions, as well as comprehensive advice on all aspects of Wealth Management.
 
After Germany, Italy represents the second-largest European market for the Group. The Wealth Management unit has seven offices – located in the cities of Milan, Lecco, Turin, Verona, Florence, Rome and Naples – and 27 client advisors delivering professional advice and managing the wealth of over 800 clients. Deutsche Bank in Italy, led by Flavio Valeri, continues to grow in gathering and managing savings, in supporting some of the most innovative mid-cap companies in the international markets and in further developing consumer credit activities.

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