Deutsche Bank AG (DB.US) is restructuring its ultra-high-net-worth client business by integrating Deutsche Oppenheim Family Office and other specialized teams into the division. This move aims to consolidate complex wealth management advisory services under a unified structure. Philipp Wehle, currently a partner at a Swiss private bank with responsibility for international operations, will lead the expanded Strategic UHNW Clients unit. He is scheduled to join Deutsche Bank no later than September 1, 2026. Wehle brings decades of senior management experience in wealth management, having previously served as CEO of Credit Suisse International Wealth Management. He will be based in Frankfurt. Stefanie Rühl-Hoffmann has been appointed Vice Chair of German Wealth Management. Having led the expansion of the ultra-high-net-worth client business in Germany, she will now focus on maintaining key client and business relationships. The expanded unit will serve ultra-high-net-worth clients whose wealth is typically linked to corporate assets and supported by family offices. Deutsche Bank stated that all advisors and specialists serving ultra-high-net-worth clients will be brought under a unified management framework. In addition to client advisors, this structure will include wealth structuring and investment experts, as well as Deutsche Oppenheim Family Office. Deutsche Bank’s investment banking and corporate banking divisions will collaborate with the unit to provide wealth management clients with services covering both personal assets and corporate-related matters. Raffael Gasser, Head of Deutsche Bank Germany Wealth Management, commented: "By expanding and more closely integrating our team of experts and advisors, we are addressing the specific advisory needs of ultra-high-net-worth, institutionally active clients. This allows us to better align our wealth management business with the specific requirements of different client segments."