Deutsche Asset & Wealth Management (DeAWM) announced today that it has hired four Regional Vice Presidents to support the growth and coverage of its U.S. exchange-traded products (ETP) platform in the Western region. The team reports to Mick McLaughlin, Head of Passive Distribution in the Americas.
“We are excited about the trajectory of our passive asset management sales team,” said McLaughlin. “The deep relationships and extensive experience of each salesperson will be critical in extending our coverage and services across the region.”
“Our U.S. platform has experienced positive momentum over the last year, and we are focused on building upon our success,” said Fiona Bassett, Head of Passive in the Americas. “As we expand our product offering, we are focused on broadening our reach and strengthening our position as a market leader in the U.S. passive industry.”
Sean Edkins has joined the Firm as an ETF Regional Vice President, covering Southern California. Before joining DeAWM, Edkins was a Regional Vice President for ProFunds, covering Southern California and the greater Southwest region. Sean has over 25 years of experience in the industry with nearly 15 years covering ETFs.
Lance Allen has joined the Firm as an ETF Regional Vice President, covering the Pacific Northwest region. Previously, Allen was a Regional Vice President at First Trust Portfolios, where he spent nine years covering ETFs.
Jeff Brainard has joined the Firm as an ETF Regional Vice President, covering the Southwest territory. Prior to DeAWM, Brainard spent over 15 years at ALPS Distributors, where he was most recently a Vice President.
Jack Fowler has joined the Firm as an ETF Regional Vice President, covering the San Francisco metro area. Fowler joins from BlackRock, where he was most recently a Vice President in the business development group for 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. Most recently, Dodd Kittsley joined the firm as the Head of Exchange-Traded Product Strategy in the Americas. In addition to these strategic hires, DeAWM has recently launched several successful 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.
For more information about the ETPs available in the U.S., visit: http://www.dbxus.com.
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With $1.29 trillion of assets under management (as of March 31, 2014), Deutsche Asset & Wealth Management¹ 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 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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