Deutsche Bank hires ex-Goldman Sachs exec to Americas wealth management unit

(Reuters) - Deutsche Bank has hired former Goldman Sachs executive Rod Colburn to their Wealth Management Americas business, according to an internal memo seen by Reuters on Tuesday.

Colburn joins the European bank as managing director and senior relationship manager after 14 years at Goldman Sachs. He will focus on lending solutions for ultra-high net worth clients and report to Anthony Valvo, market head for New York and South East.

At his previous role at the Wall Street bank, he was instrumental in building out its private bank lending business, where he originated more than $10 billion of loan transactions.

Rod has previously held similar roles at US Trust and Citi Private Bank and has more than three decades of experience working with ultra-high net worth clients.

(Reporting by Mehnaz Yasmin in Bengaluru; Editing by Devika Syamnath)