UPDATE 1-Deutsche Bank hires 6 JPMorgan private wealth bankers

(Adds details)

HONG KONG, March 11 (Reuters) - Deutsche Bank (DBKGn.DE: Quote, Profile, Research, Stock Buzz) Private Wealth Management on Tuesday said (DBKGn.DE: Quote, Profile, Research, Stock Buzz) it had hired six private wealth bankers from JP Morgan (JPM.N: Quote, Profile, Research, Stock Buzz), beefing up its team serving Hong Kong's rich families and entrepreneurs.

Banks across the region have sought to build up private banking groups to tap the surge in personal wealth of business leaders and their families profiting from China's booming economy.

Deutsche Bank said it hired Margaret Kwong, former head of JP Morgan Bank's Hong Kong Coverage team, to become a managaing director reporting to Kenneth Toong, its North Asia head.

Other JP Morgan private bankers in the swap include: Wendy Kong, appointed as managing director and relationship manager; Alice Chow, managing director and investment adviser; Wilfred Ng, director and investment adviser; Wayne Wai, director and relationship manager; and Frederick Fong, vice president and relationship manager.

Deutsche Bank said its private wealth management group recorded 19 percent growth in invested assets in Asia Pacific last year. (Reporting by Michael Flaherty; editing by Anne Marie Roantree)