Deutsche Asset Management instituted a new organizational structure today, parent Deutsche Bank announced. DeAM will have three distinct global business lines: institutional fixed income and equity; mutual funds, including DeAM's European mutual fund business, DWS and Scudder mutual funds; and alternative investments, including hedge funds, quantitative strategies, real estate and structured products. DeAM will also move its European headquarters to Frankfurt from London.
Paul Manduca, Deutsche Asset Management's CEO for Europe; James Goulding, CEO for Asia; and Josh Weinreich, global head of absolute-return strategies, are leaving the firm to pursue other opportunities, said Judith Inosanto, Deutsche Bank spokeswoman. Their duties will be assumed by other membes of DeAM's global operating committee.
