Sal Oppenheim jr & Cie has named Hanspeter Oes as its new chief executive to replace Dr Christian Camenzind, who is to join Deutsche Bank Private Wealth Management Asia-Pacific as chief operating officer. 

Oes, who joined the bank in 2007, latterly held the roles of COO and chief financial officer while on the executive board. He assumes his new role on 1 May 2011.

Meanwhile, Dr Camenzind will take on his new Singapore-based role at Deutsche, which completed its acquisition of Sal Oppenheim earlier this year, on 1 July.

The firm has also elected chief investment officer Gérard Piasko to the executive board.