Reporting to Haig Ariyan and Chip Packard, co-heads of wealth management, Americas, he will oversee the operations from Geneva, Switzerland.

Besides, he will also be into the executive management board of the Swiss banking entity, chaired by Marco Bizzozero, CEO Deutsche Bank Switzerland and head of wealth management for EMEA.

Commenting on the appointment, Ariyan said, "Felipe is an experienced and talented professional who has a deep understanding of the evolving investment needs of ultra-high-net-worth families and individuals."

Prior to accepting the current role, Godard was working with Credit Suisse in Switzerland, as the head of advisory, solutions and investments for the Latin American Private Bank. He joined the bank in 2010.

Before joining Credit Suisse, he served JP Morgan in Geneva for 11 years, where he managed the Latin American Team and later took responsibility for the Eastern European and Swiss markets for the Private Bank.

The latest appointment will enable Deutsche Asset & Wealth Management to boost its team serving ultra-high- net-worth clients.