Deutsche Asset and Wealth Management hired an ex-Morgan Stanley executive to take on a new post overseeing trading activities for the firm's wealth management and capital markets business in the U.S.

Nicholas Angilletta had worked with Morgan since 2009 in several, similar executive roles, Deutsche said.

Angilletta will report directly to Yves Dermaux, who runs the solutions and trading group, and regionally to Jerry Miller, head of Deutsch’s wealth management operations in the U.S. Angilletta's team will oversee capital market services through tactical, strategic, risk mitigation or thematic allocations, the firm said.

“His experience will play a critical role as we look to evolve our wealth management capital markets business in the Americas,” Dermaux says.

Angilletta started his career in 1988 at Citigroup where he spent nearly two decades managing the firm's capital markets and wealth management division, according to his Linkedin page.

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