Deutsche Asset & Wealth Management (DeAWM) announced today that it has
hired three Regional Vice Presidents to support the growth and coverage
of its U.S. exchange-traded products (ETP) platform in the Midwest and
Texas. The team reports to Mick McLaughlin, Head of Passive Distribution
in the Americas.
“We have been strategically expanding our passive asset management sales
team,” said McLaughlin. “Our goal is to provide extensive coverage and
services across the U.S.”
“In just a short time, our U.S. platform has successfully expanded its
product offering and distribution team, delivering unique and
sophisticated products to our clients,” said Fiona Bassett, Head of
Passive in the Americas. “We are focused on maintaining this positive
momentum as we strive to be a market leader in the U.S. passive
industry.”
Steve Dunn has joined the Firm as an ETF Regional Vice President,
covering ETF strategists for national accounts. Dunn joined from
BlackRock, where he was most recently a Director for the iShares sales
and distribution strategy team. Dunn has spent nearly 15 years covering
ETFs and has over 18 years of industry experience.
Brian Szitanko has joined the Firm as an ETF Regional Vice President,
covering the Great Lakes region. Prior to DeAWM, Szitanko was a Regional
Director at TS Capital. Before that, he spent nearly 15 years as a
wholesaler for Legg Mason Global Asset Management and Citigroup Asset
Management.
Lisa Poniewaz has joined the Firm as an ETF Regional Vice President,
covering Texas. Poniewaz joined from BlackRock, where she most recently
was an Associate in the business development group of iShares.
The expansion of the passive distribution team is part of DeAWM’s latest
push to further expand its product offerings, increase outreach to
investors, and continue to build its market share in the Americas. In
June, the Firm announced that it had hired four ETF Regional Vice
Presidents to cover the West Coast region. Earlier this year, Dodd
Kittsley joined the firm as the Head of Exchange-Traded Product Strategy
in the Americas.
In addition to strategic hires, DeAWM has recently launched several
products to meet the needs of its clients, including the first ETF to
provide broad access to the available Chinese equity market, db
X-trackers Harvest MSCI All China Equity Fund (NYSE ticker: CN).
Deutsche Asset & Wealth Management’s U.S. exchange traded products (ETP)
platform includes 64 ETPs, with approximately $11 billion in assets
under management. Deutsche Asset & Wealth Management’s ETP platform was
launched in 2006 and has risen to become the second largest ETP provider
in Europe and the fifth largest in the world, with approximately $63
billion in assets under management as of December 31, 2013.1
For more information about the ETPs available in the U.S., visit: http://www.dbxus.com.
For further information about this press release, please call:
Catherine Wooters
Phone: +1 (212) 250-2790
E-mail: catherine.wooters@db.com
Deutsche Asset & Wealth Management
With $1.29 trillion of assets under management (as of March 31, 2014),
Deutsche Asset & Wealth Management2 is one of the world's
leading investment organizations. Deutsche Asset & Wealth Management
offers individuals and institutions traditional and alternative
investments across all major asset classes. It also provides tailored
wealth management solutions and private banking services to
high-net-worth individuals and family offices.
1 Source: Deutsche Asset & Wealth Management
2 Deutsche Asset & Wealth Management is the brand name of the
Asset Management and Wealth Management division of the Deutsche Bank
Group. The legal entities offering products or services under the
Deutsche Asset & Wealth Management brand are listed in contracts, sales
materials and other product information documents.
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