Paul Manduca was named head of European operations at Deutsche Asset Management. He replaces Udo Behrenwaldt, who will retire at the end of the year. Mr. Behrenwaldt will remain a member of DeAM global management board.
Mr. Manduca is CEO of Rothschild Asset Management, whose parent, N.M. Rothschild & Sons, recently announced it will sell the asset management unit. Mr. Manduca will stay with Rothschild until December, said Helen Faulkner, RAM spokeswoman.
