May 15 Deutsche Bank AG said on
Wednesday it has named Jerry Miller to run the German bank's
asset and wealth management business in the Americas.
Miller, a Morgan Stanley and Merrill Lynch veteran,
will be based in New York and report to Michele Faissola, head
of asset and wealth management at Deutsche Bank. In his new
post, Miller will also chair the division's America's Executive
At Morgan Stanley, Miller led the Central Division of the
company's Global Wealth Management business. Prior to that, he
spent more than two decades at Merrill Lynch, the brokerage now
owned by Bank of America Corp, eventually joining the
senior leadership team at Merrill Lynch Investment Managers.
Miller was most recently a senior adviser at Lightyear
Capital LLC, a private equity firm, where he was responsible for
the acquisition of financial services companies, with a focus on
investment management and wealth management firms.
Deutsche Asset and Wealth Management manages a portfolio of
nearly $400 billion in invested assets for clients in North
America and Latin America. The group caters to high-net-worth
individuals and family offices, providing both wealth management
and private banking services.
As head of the Americas division, Miller will be in charge
of expanding the group's business in the region. He will also
join the Deutsche Bank North America executive committee, led by
Jacques Brand, chief executive officer of Deutsche Bank North