The private wealth management arm of German bank Deutsche Bank has hired a director from Credit Suisse for its global South Asia business, as banks continue to increase their headcount in a growing economy.

Michael Strasser joins the bank with over 15 years of experience in the banking industry. He joins from Credit Suisse's private banking head office in Zurich, where he was head of special coverage, ultra high net worth clients. Prior to that, Strasser was chief executive of Credit Suisse Consulting Pvt in Mumbai, India, for three years.