DeAMÆs co-COO next to go

Apr 6, 2009

After CEO Ed Peter left last month, the firmÆs co-COO for Asia, Paul Klug, is transferring to a wealth management role in Mauritius.

The departures are not related, according to a Deutsche Bank spokesman, but nonetheless Deutsche Asset Management's Asia business has lost another top executive. This time, however, it's due to an internal transfer.

Last month Ed Peter, the former equity capital markets director who moved to DeAM four years ago to run its Asia-Pacific and Mena businesses, departed and reportedly took up to 10 staff with him. They have left to start a new fund venture affiliated with an unnamed German group.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?

See here for more information on licences and prices, or contact [email protected]