Kathy Condon will take the reins of the Bankers Trust indexing group, following the departure Friday of five senior indexing investment professionals. Bankers Trust, recently acquired by Deutsche Bank, manages about $156 billion in indexed institutional tax-exempt assets.
BTs indexing business was integrated into Deutsche Banks global institutional division, along with the custody and risk measurement business. In light of the departures, Deutsche now has moved BTs indexing business into the recently organized Deutsche Asset Management business, according to internal bank sources.
BTs enhanced index and active quantitative strategies, led by Josh Weinreich, already had been transferred to the Deutsche Asset Management division.