Michael Schütt (pictured), until last month country head Germany at Carmignac, is set to join independent German asset manager DJE Kapital as of October 2016. In addition, Thomas Heindl will join the firm as new head of marketing and public relations.
In his new position, Schütt will join the management board and will be in charge of fund distribution of mutual funds and Spezialfonds as well as marketing and public relations. He reports directly to Ulrich Kaffarnik, boardmember of DJE Kapital in charge of Institutional Investors and Investment Funds as well as managing director of Luxembourg-based DJE Investment.
Schütt joins DJE Kapital from French asset manager Carmignac, where he most recently worked as country head Germany and Austria. Prior to that, he worked among others at BNY Mellon, Invesco Asset Management and Citibank.
Heindl joins from Hiscox Europe Underwriting, where he most recently worked as head of marketing and communications, prior to that, he spent eight years at Allianz Group, In his new role, he will report to Michael Schütt.