Deutsche Bank is strengthening its focus on ultra-high net worth (UHNW) unit by consolidating key advisory capabilities under a single structure, including the integration of Deutsche Oppenheim Family Office AG and other specialist teams.

The move brings together advisors and experts serving UHNW individuals into a unified unit, aimed at delivering more coordinated support in complex wealth matters. The expanded structure targets clients whose assets are often entrepreneurial and managed through family offices, requiring tailored advisory services across multiple financial dimensions.

Raffael Gasser, Head of Wealth Management Germany, said the closer integration of specialists reflects the bank’s effort to address increasingly specific client needs. He added that the approach allows the Wealth Management division to align more precisely with different client segments, particularly those with institutional-level requirements.

Deutsche Bank Expands UHNW Unit with Strategic Integration

The reorganization includes wealth structuring experts, investment specialists, and family office professionals, all operating under one management framework. The bank is also reinforcing collaboration between its Wealth Management, Investment Bank, and Corporate Bank divisions to ensure comprehensive coverage of both private wealth and related business interests.

As part of the expansion, Philipp Wehle is there to lead the Strategic UHNW Clients unit. He will join the bank by September 1, 2026, transitioning from a senior role at a Swiss private bank where he oversaw international operations. Wehle previously held leadership positions at Credit Suisse, including CEO of International Wealth Management, where he focused on strategic development and cross-divisional client solutions.

He will be based in Frankfurt and is going to oversee the continued build-out of the UHNW segment.

Meanwhile, Stefanie Rühl-Hoffmann, who played a central role in establishing the UHNW business in Germany, has been appointed Vice Chairwoman Wealth Management Germany. She will concentrate on developing key client and business relationships while continuing to report to Gasser.

The changes reflect Deutsche Bank’s ongoing effort to deepen its presence in the UHNW segment through integrated advisory and leadership reinforcement.

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