Wed, 09/07/2014 - 13:10
Deutsche Asset & Wealth Management (DeAWM) has appointed Randy Brown as head of the UK, a newly created role.
Brown has also been appointed global head of insurance and pension solutions.
The appointments are effective immediately.
A managing director, Brown continues to report to Michele Faissola, head of DeAWM, and to serve on DeAWM's global executive committee. He also joins the UK executive committee, chaired by Colin Grassie, CEO of Deutsche Bank UK, which oversees all activity in the UK region.
With Brown’s appointment as country head, the UK becomes a separate region within DeAWM's organisational structure, alongside Germany; Asia Pacific; the Americas; and Europe, the Middle East & Africa (EMEA). It was formerly run as part of the EMEA region.
Based in London, Brown is responsible for leading DeAWM's business activities in the UK.
Faissola says: "The UK is one of the world's most important markets for asset and wealth management. We are committed to growing our business here, enabling more clients across the country – both institutions and wealthy individuals – to benefit from our global investment solutions."
Brown most recently served as DeAWM's co-chief investment officer alongside Asoka Wöhrmann. Prior to this, he was the global head of Deutsche Insurance Asset Management, the world’s largest manager of non-affiliated assets for the insurance industry.
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