DB Names Mexico Country Chief

Jorge Arce has been named Deutsche Bank’s new chief country officer in Mexico, replacing Juan Guthmann who had held the position on an interim basis after the departure of Tito Vidaurri early last year. Vidaurri was poached by Bank of America Merrill Lynch to lead its Mexico business following the retirement of Orlando Loera. Arce has been with Deutsche bank for 16 years, most recently serving as head of northern Latin America for the bank’s private wealth management business. He will now report to Bernardo Parnes, CEO of Deutsche Bank Latin America.