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Report: Deutsche Bank hires new northern, central Europe head

Deutsche Bank AG hired Peter Schmid to serve as head of private banking in northern and central Europe, effective mid-March 2018, Finews reported Dec. 8, citing a staff memo confirmed by a spokesman.

Schmid will run Deutsche Bank's operations across the Nordics, France, Austria, Luxembourg and cross-border Germany. Reporting to Europe wealth head Peter Hinder, he replaces Carsten Kahl, who spent the past nine years leading the European region, the report noted.

Schmid will be based in Zurich and joins from Union Bancaire Privée UBP SA, where he ran the Zurich branch. He will join the management of Deutsche Bank's Swiss unit.