Deutsche Asset & Wealth Management (Deutsche AWM) has named Stefan Kreuzkamp as its new chief investment officer(CIO)-head of investment management, replacing Asoka Wöhrmann.
Kreuzkamp, whose appointment is effective from 1 December 2015, will also become a member of the Deutsche AWM Global Executive Committee.
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Wöhrmann will assume the role of head of retail banking at Deutsche Bank’s Private & Business Clients division.
Kreuzkamp is currently CIO for Europe, the Middle East and Africa at Deutsche AWM. He joined Deutsche Bank in 1998 and initially worked in Money Markets and later in fixed income fund management.
Commenting on the appointment Deutsche AWM head Michele Faissola said: "Stefan is an established leader and successful portfolio manager who has the vision and clarity to continue delivering the value and insight our clients expect.
"Stefan has played a key role in helping to develop our investment platform over the years, and will continue to provide continuity and stability for our clients and their investments."
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By GlobalDataAs of 30 June 2015, Deutsche AWM had $1.27 trillion in assets under management for private and institutional investment clients.
