Following the recent split of Deutsche Asset and Wealth Management into Deutsche Asset Management and a separate wealth management unit, the asset management division has now confirmed its new leadership.
Quintin Price, chair and global head of Deutsche Asset Management, confirmed the composition of his new team in an internal email, German B2B magazine Fonds professionell reports.
Among the key changes, Stefan Kreuzkamp (pictured) has been appointed as head of Active, alongside his current position as CIO and head of Germany EMEA He replaces James Dilworth, who is set to leave the group, as previously reported.
Moreover, Thorsten Michalik has been promoted as head of Retail Distribution EMEA and APAC, he was previously in charge of ETF distribution.
With the departure of Dario Schiraldi,as head of Global Client group, the Retail and Institutional business will be separated into two different units again, with Quinin Price being in charge of institutional distribution on an ad interim basis.