Nikolaus Schmidt-Narischkin was named managing director of Deutsche Asset Management, Frankfurt. He is replacing Klaus Mössle, who will leave in July to become Fidelity Investments' managing director of institutional business for Germany and Austria.
Also, Piers Hillier is taking on the new role of head of European institutional equities at Deutsche Asset Management, London. He had been director of pan-European equities at Schroder Investment Management, London.
Mr. Schmidt-Narischkin is a member of the project team in the pensions area at Deutsche; no information was available on a replacement. At Fidelity, Mr. Mössle replaces Olaf John, who left last year to become vice president and relationship manager for Capital International Asset Management's Geneva office.
Schroder spokesman Julian Samways said Mr. Hillier's responsibilities were absorbed by other members of the European equities team.