As managing director and head of private banking in Australia and New Zealand for the global bank, Nestel deals with the upper end of the Australian private banking markets, those who have a minimum of $50million in investable assets. The private bank operates from offices in Sydney and Melbourne, which Nestel describes as private and functional, and decorated not with the chandeliers found in some US and European private banks but the contacts and knowledge of how to do global business. The seminars and client networking they allow are valued highly as a marketing tool also by Deutsche Bank, which along with Citi and Credit Suisse is one of the big international names that has run private banks in Australia since the early 1980s. The private bank’s exclusive products reflect its global stance; for example, the Deutsche Investor Directed Portfolio Service, which offers a broad menu from custody and consolidated recording of investments, as well as monthly statements detailing transactions, assets, income and expenses. read more

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