Ingvarson takes over from Pontus Gronlund, who is moving to a new role outside the banking group, where has spent the past 21 years.

Deutsche Bank has named Dan Ingvarson as the new head of the international private bank for the Nordics and as a branch manager for its Stockholm office, starting on 1 December.

All international private banking relationship managers with Nordic business in the Nordic countries, Luxembourg and Switzerland will now report to Ingvarson. He will report to Michael Morley and, additionally, will join the executive committee of Deutsche Bank UK.

Prior to this, from 2015, Dan Ingvarson worked as a senior RM covering Nordic clients at Credit Suisse. Before that, he was with Klarna, a Swedish fintech, for two years where he worked in varying capacities including head of strategic accounts and deputy head of enterprise sales for the Germany, Austria and Switzerland region. Before that, he spent six years at Morgan Stanley in London. Ingvarson holds an MSc in business, majoring in accounting and finance from Stockholm School of Economics, and a BSc in finance from the University of Lund.

After a period of transition Pontus Gronlund, head of IPB Nordics, is moving to a new role outside Deutsche Bank. Gronlund has worked for Deutsche in the Nordics for the past 21 years.

"We see the Nordic region as an important growth opportunity for our wider European business and Dan Ingvarson’s expertise and insight in these markets will offer manifold benefits to our clients,” Michael Morley, chief executive of Deutsche Bank UK Bank Ltd and head of the UK and Nordics region for the international private bank, said.