Deutsche Asset names Europe, Asia Pacific CIO

Peter Harrison will become CIO for Europe and Asia Pacific at Deutsche Asset Management. Mr. Harrison will replace Karl Sternberg, who is leaving next month but doesn't have any immediate plans, a spokesman said. Mr. Harrison had been CIO of global equities and multiassets at J.P. Morgan Fleming Asset Management. His global portfolio duties will be handled by Howard Williams, managing director and senior global portfolio manager. Pablo Forero, deputy head of equity and balanced portfolios, will lead the global multiasset group, said a J.P. Morgan Fleming spokeswoman. The two will keep their previous titles.