Deutsche Bank Private Wealth Management has snagged two private banking pros for its New York City hub. It signed on Rosemary Vrablic and Dominic Scalzi, previously private client advisors at Bank of America Family Wealth Advisors, as managing directors and senior private bankers.
Market scuttlebutt has it that Kent Lewis, ceo of Charlotte-based Bank of America, flew to New York in an effort to retain the top producing team. Vrablic together with Scalzi brought in more than $50 million in revenue per year, according to a banker familiar with the team. Additionally Deutsche PWM, which is in a shopping spree for top talent, is said to have lured the duo with a two-year guaranteed compensation package in the multiples of what they previously earned at BofA.
Vrablic and Scalzi report to Patrick Campion, head of the U.S. Private Bank. Calls to Vrablic and Scalzi were referred to a spokeswoman, who declined to comment on their compensation. A BofA spokesman did not return calls by press time.