Greg Wessell, Michael Carr and Brian Caldwell, all stable-value portfolio managers from INVESCO Institutional, have joined Deutsche Asset Management’s fixed-income operation in Louisville, Ky., as vice presidents and portfolio managers, confirmed spokeswoman Mayura Hooper. The three will report directly to John Axtell, managing director and head of DeAM’s stable-value team. Catherine Higgins also left INVESCO to be an associate vice president and relationship manager at DeAM. Her previous title was not available.
The four follow DeAM’s hiring of 16 fixed-income professionals from INVESCO’s worldwide fixed-income group last month, many of whom have been tapped to start a new fixed-income business for DeAM in Louisville.
The responsibilities of Messrs. Wessell, Carr and Caldwell have been assumed by the remaining eight members of INVESCO’s Louisville-based portfolio management team, according to a letter INVESCO issued to stable-value clients.
