Deutsche Asset & Wealth Management recruited again from J.P. Morgan, this time pulling a managing director.

Dessy Arteaga, who is also a senior private banker, joins Deutsche in New York where she will help the German firm build relationships with ultrahigh-net-worth clients in Mexico. Arteaga will report to Felipe Godard, head of wealth management in Latin America.

"We are thrilled that Dessy has joined the Bank, as she will play a critical role in further expanding our platform and deepening our local relationships in Mexico." Godard said in a statement.

Deutsche has recruited several J.P. Morgan managing directors and private bankers in recent months.

Last week, the Frankfurt-based firm hired Lee Hutter in Los Angeles where he will oversee Deutsche's western region. In September, managing director Mark LaRoe left J.P. Morgan to join Deutsche to oversee the firm's Texas region, where the firm also opened its first Dallas office. The hires are part of Deutsche's goal to boost its business, particularly in the western United States.

Arteaga has 35 years of industry experience, according to Deutsche. She worked for about 20 years in Caracas, Venezuela, for several firms including J.P. Morgan and Citigroup.

She became registered with J.P. Morgan in New York and passed her Series 7 exam in 2001, according to FINRA records.

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