Venkatesh Narasiah was appointed Friday as Asia-Pacific chief operating officer of Deutsche Asset and Wealth Management, according to a Deutsche news release.
Mr. Narasiah replaces Boris Liedtke, who will take on a yet-to-be-determined role in Deutsche Asset and Wealth Management's global operating platform and re-engineering group. Last year, Deutsche Bank combined its money management and wealth management businesses.
Previously, Mr. Narasiah served as submarket head for Australia, Japan and India for Deutsche's Asia-Pacific private wealth management division.
According to an internal memo obtained by Pensions & Investments, Mr. Narasiah's responsibilities for the wealth management onshore business in India and Australia will be assumed by Amrit Singh, head of South Asia Wealth Management, while Mr. Narasiah's duties for the Japanese market will be assumed by Tsukasa Sekizaki, head of Deutsche Asset and Wealth Management Japan.
Separately, Andrew Kwek, CEO of Deutsche Asset Management's Singapore office, will be leaving the firm at the end of March.
Jeremy Hughes, a Singapore-based spokesman for Deutsche Bank, declined to comment about a replacement for Mr. Kwek as head of the Singapore office.
Reached by telephone, Mr. Kwek said his only immediate plans are to dedicate his time to fundraising for Singapore's Hospice Care Association, where he serves as chair of the fundraising committee.