Deutsche X-trackers grows US business through strategic hires
Deutsche Asset Management (Deutsche AM) announced today the expansion of its Deutsche X-trackers team in the US through several key hires in its portfolio management division. Patrick Dwyer and Brandon Matsui join as Portfolio Managers and Directors. Both will be based in New York, reporting to Bryan Richards, Head of Passive Portfolio Management.
Dwyer and Matsui are part of a broader group of strategic hires that the firm has made this year to support the growth of its Deutsche X-trackers business in the US. Earlier this year, the platform expanded its multifactor suite with the launch of Deutsche X-trackers FTSE Emerging Comprehensive Factor (Ticker: DEMG) and Deutsche X-trackers Russell 2000 Comprehensive Factor (Ticker: DESC) exchange traded funds (ETFs). The platform was named “Best ETF Issuer in 2015,”(1) just three years after beginning its build-out, in the annual ETF.com Awards.
“We have been aggressively building out our passive business in the US as part of our broader strategic plan for our Americas Asset Management franchise,” said Fiona Bassett, Head of Deutsche’s Passive Asset Management unit in the Americas. “We are delighted to further add to the team as we continue in our drive to support our clients with the delivery of best in class solutions and service.”
Dwyer joins Deutsche AM from Northern Trust where he most recently held the role of Head of International Equity Index Portfolio Management for North America. He has 15 years of global equity index portfolio management experience. Prior to joining Deutsche AM, Matsui was a senior portfolio manager at Charles Schwab, responsible for leading the development of its fixed income ETF offerings.(1) Source: ETF.com (2) Deutsche Asset Management is the brand name of the Asset Management division of the Deutsche Bank Group. The respective legal entities offering products or services under the Deutsche Asset Management brand are specified in the respective contracts, sales materials and other product information documents.
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With EUR 719 billion of assets under management (as of June 30, 2016), Deutsche Asset Management(2) is one of the world’s leading investment management organizations. Deutsche Asset Management offers individuals and institutions traditional and alternative investments across all major asset classes.
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