Deutsche Bank's award-winning managed account platform has created a dedicated sales team to leverage the power of its global distribution network and capitalise on the growth of investor demand for alternative ways to access hedge funds.
Daniel Caplan, who will be heading up the new team in addition to his role as co-head of prime finance sales and capital introduction in Europe comments, "We estimate that over 20 percent of new assets coming into the hedge fund industry in 2010 will do so via managed accounts. This is the result of a paradigm shift in the way investors look at hedge funds - they want greater liquidity and transparency combined with independent asset and risk control, all of which are available via managed accounts."
Deutsche Bank has also hired a new senior sales person, Guillaume Mathais, who will be entirely dedicated to managed account sales. He joins the bank from Lyxor Asset Management where he was responsible for managed account distribution in the UK, the Netherlands and Scandinavia.
Rich Herman, global head of institutional client sales at Deutsche Bank said, "Our managed account platform has seen exponential growth in 2009 with assets under management on the platform growing to USD 8 bn. By harnessing the power of Deutsche Bank's global sales force in this way, we fully expect to see significant asset growth this year.”
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Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 77,053 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
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