Deutsche Asset & Wealth Management has hired four regional vice presidents to support the growth and coverage of its US exchange-traded products (ETP) platform on the East Coast.
The team reports to Mick McLaughlin, Head of Passive Distribution in the Americas.
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"We have been strategically expanding our passive asset management sales team over the past year, as our goal has been to provide extensive coverage and services across the US," said McLaughlin. "We now have a full distribution team covering all major US territories and we look forward to growing our market share."
"In just a short time, we have successfully executed our plan to expand our product offering and distribution team in the US," said Fiona Bassett, Head of Passive in the Americas. "We continue to strive to become a top exchange-traded fund (ETF) provider in the region by delivering unique and sophisticated products that meet the needs of our clients."
Theresa Brennan has joined as an ETF Regional Vice President, covering the Northeast. Based in Boston, Brennan has nearly 20 years of industry experience and was most recently a business development executive at NT Flexshares.
Steve Darby has joined as an ETF Regional Vice President, covering the greater New York area. Darby is based in New York and brings over 15 years of experience. Most recently, he was a business development manager for the ETF business at Russell Investments.
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By GlobalDataGavin McIntire has joined as an ETF Regional Vice President, covering the Mid-Atlantic. Prior to Deutsche AWM, McIntire spent ten years at ProShares Advisors, where he was a Regional Vice President.
Tim Whelan has joined as an ETF Regional Vice President, covering the Southeast. Previously, Whelan was an investment management consultant for BlackRock’s iShares platform.
The expansion of the passive distribution team is part of Deutsche AWM’s strategy to further expand its product offerings, increase outreach to investors, and continue to build its market share in the Americas. This summer, the bank announced that it had hired seven ETF Regional Vice Presidents to cover the West Coast and Mid-West territories.
In addition to strategic hires, Deutsche AWM has recently launched several products to meet the needs of its clients, including the first US ETF to provide broad access to the available Chinese equity market, Deutsche X-trackers Harvest MSCI All China Equity Fund (NYSE ticker: CN).
Deutsche AWM’s US ETP platform includes 65 ETPs, with approximately $11 billion in assets under management. Deutsche AWM’s ETP platform was launched in 2006 and has risen to become the second largest ETP provider in Europe and the fifth largest in the world, with approximately $68 billion in assets under management as of June 30, 2014.1
