Deutsche Bank has named the re-juvenated
executive committee for its Asset & Wealth Management division
(AWM).

Michael Faissola will chair the committee,
while Jon Eilbeck will be chief operating officer.

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The move is part of a group-wide strategy
update by Deutsche to double profitability in its AWM division.

The German bank aims to do this through
integration and efficiency by focusing on the ultra high net worth
and emerging market client segments.

Growth in alternative investments is also seen
as a key area of development, while the bank will aim to increase
leverage in assets under management (AuM).

 

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AWM ambition

The executive committee members who will
represent the main investment platforms and functions in AWM are as
follows:

  • Reinhard Bellet – head of passive investments
  • Randy Brown – co- chief investment officer of asset
    management
  • Pierre Cherki – head of alternative investments (internal
    managers)
  • Mark Cullen – head of operating platform &
    re-engineering
  • Stephane Farouze – head of alternative investments (third-party
    managers)
  • Kevin Lecocq, chief investment officer of wealth
    management
  • Wolfgang Matis, head of active investments
  • Balaji Prasanna, head of loans/deposits and asset &
    liability management
  • Asoka Woehrmann – co-chief investment officer of asset
    management

Client coverage in AWM will be represented by
the following executive committee members:

  • Marco Bizzozero – head of wealth management EMEA
  • Thomas Bowers – head of wealth management Americas
  • Joachim Haeger – head of wealth management Germany (Deutsche
    Bank)
  • Wilhelm von Haller – head of wealth management Germany (Sal.
    Oppenheim)
  • Ravi Raju – head of wealth management Asia Pacific
  • Dario Schiraldi – head of distribution

The following executive committee members will
chair the regional AWM management committees:

  • Wolfgang Matis – Germany
  • Ravi Raju – Asia Pacific
  • Dario Schiraldi – EMEA
  • TBA – Americas