DWS has poached Bjoern Jesch from Credit Suisse to serve as the new global head of Multi Asset & Solutions, replacing Christian Hille.
Jesch will assume the new responsibility on 1 July 2020 and sit on the firm’s CIO Management Committee.
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In the new role, he will manage assets under management of €58bn and a team of 82 investment professionals.
He will report to DWS CIO Stefan Kreuzkamp.
Bjoern has been working for 30 years in the financial services industry.
During this time, he had stints at Union Investment, Deutsche Bank as well as Citibank.
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By GlobalDataAt Credit Suisse, Jesch served as the global head of Investment Management within the International Wealth Management arm.
“In times of extremely low interest rates and simultaneously high levels of volatility Multi Asset is the differentiating investment strategy for one of the biggest fiduciary asset managers in the market,” Jesch stated.
Hille has been working at DWS for 13 years. He will quit the firm owing to personal reasons.
Referring to Jesch, Kreuzkamp noted: “He enjoys an excellent reputation across the asset management industry and the market as a top notch investor and thought-leader.
“Multi Asset & Solutions is a crucial part of our business, now more than ever. In a volatile market it can truly differentiate itself for investors.”
Multi Asset & Solutions reported net inflows of €7.2bn and was a major growth driver for the firm last year.
