LBBW Asset Management has appointed Frank Hagenstein as the new head of its investment subsidiary. Hagenstein will take over the management of LBBW Asset Management.
Hagenstein succeeds Andrea Daniela Bauer, who leaves LBBW by mutual agreement to pursue new tasks. Bauer came to Stuttgart from Landesbank Berlin Investment in October 2015 and took over the management of LBBW Asset Management in June 2016.
Currently, Hagenstein is responsible for the development of investment strategies within the LBBW Group as chief investment officer Capital Markets. Prior to this, he was managing director of Deka Investment from 2006 till the end of 2016. Previously, he worked for Union Investment, HSBC Trinkaus & Burkhardt in London and Dresdner Bank.