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Monday, November 10, 2014

ON THE MOVE-Deutsche Asset & Wealth Management hires 3 bankers from Citi, Credit Suisse, (NYSE: DB)

Deutsche Bank AG's Asset & Wealth Management division said on Monday it hired three private bankers away from rivals Citi Private Bank and Credit Suisse to join the firm's New York office. Heather Kirby and Charles Walker joined Deutsche Asset & Wealth Management from Citi Private Bank in October, and Stewart Oldfield joined from Credit Suisse last month, according to records with the Financial Industry Regulatory Authority (FINRA).Kirby and Walker, who have 30 and 25 years of wealth management experience respectively, both previously worked for US Trust, Bank of America's private wealth management arm for high net worth clients.Oldfield spent 12 years at Credit Suisse, where he was a director in the equity derivatives sales division and worked on liquid alternative assets, according to his LinkedIn profile.A Citi Private Bank spokeswoman confirmed Kirby and Walker are no longer with the firm, but failed to comment further. A spokeswoman for Credit Suisse declined to comment.

Deutsche Bank AG is a global investment bank. The Company offers a variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world. Shares of DB fell by 0.79% or $-0.24/share to $30.00. In the past year, the shares have traded as low as $29.24 and as high as $51.99. On average, 1806580 shares of DB exchange hands on a given day and today's volume is recorded at 1603603.