Donner & Reuschel promotes Mumm to chief economist

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Hamburg-headquartered private bank Donner & Reuschel has appointed Carsten Mumm as chief economist.

Mumm has been head of the Capital Market Analysis department for more than a year. Prior to that, he worked as head of Asset Management for the bank. He originally started at Donner & Reuschel as portfolio manager and subsequently became head of portfolio mangemnt.

In his role as chief economist, Mumm will continue to advise private and institutional clients on asset allocation strategies and produce a regular capital market outlook for the bank.