Germany’s Deutsche Oppenheim Family Office has named Thomas Rüschen as its new CEO replacing Klaus Kuder, effective 1 September 2014.
In his new role, Rüschen will be responsible for the further development of exclusive solutions for clients and for staff, strategy, marketing and communication.
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Additionally, the firm has named Jörn Matthias Häuser as new COO as a new board member for the family office which operates in Frankfurt, Cologne and Grasbrunn near Munich.
The appointment of Rüschen and Häuser are now subject to regulatory approval by BaFin.
At the same time, the former chief Kuder will take care of the complex investment for a family following a request from a client.
Rüschen, who has joined Deutsche Bank in 1990, most recently served as a member of the extended board of Deutsche Asset and Wealth Management.
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By GlobalDataHäuser, who joined Deutsche Bank in 2000, most recently served as COO for Sal. Oppenheim. Before to this, he has been a managing director at Deutsche Bank.
Joachim Häger, chairman of the supervisory board at Deutsche Oppenheim, as well as head of wealth management Germany, said: "The foundations successfully laid by the management team and all the staff of Deutsche Oppenheim are now an outstanding basis for the extended board to introduce the next phase of growth."
"With their trustee responsibility, the five-strong board will continue to focus on independent advisory. Impartiality is a key success factor for a family office – and that will remain tangible for our clients in the future," he added.
