James Dilworth (pictured), head of Active Management and Dario Schiraldi, head of Global Client Group are set to leave Deutsche’s Asset Management division, German media revealed.
Dilworth has only joined Deutsche in 2014, having previously spent five years at Allianz Global Investors.
As head of Global Client Group, Dario Schiraldi was in charge of Global Distribution activities. According to a Bloomberg report, Schiraldi and his former boss Michele Faissola are currently being investigated by Milan prosecutors due to their alledged complicity in accountancy fraud at Monte dei Paschi di Siena.
The departures comes just weeks after Deutsche announced the restructuring of the Deutsche Asset and Wealth Managmenet unit into two separate units.
Whilst Deutsche Asset Management will continue to cover investment opportunities for retail and institutional investors, Deutsche Bank Wealth Management will be part of the PWNCC divison specifically focusing on providing financial services to HNWI and UHNWI clients.