Deutsche Asset & Wealth Management hires Simon Mendelson to Lead Product Management and Development in the Americas
Deutsche Asset & Wealth Management (DeAWM) announced today that Simon Mendelson has joined as a Managing Director and Head of Product Management and Development in the Americas. Based in New York, Mendelson reports to Jerry Miller, Head of Deutsche Asset & Wealth Management, Americas.
In this newly created position, Mendelson will be responsible for overseeing the development, implementation and positioning of DeAWM’s investment products and solutions in the Americas. He will play a key role in aligning DeAWM’s investment and distribution channels, not only to develop and deliver new products, but also to manage and optimize existing product capabilities.
“Simon brings extensive experience and a deep understanding across our broad investment capabilities,” said Miller. “His appointment will help to accelerate DeAWM’s growth strategy by aligning our product offerings with the needs of investors.”
Mendelson is the latest high-profile strategic senior hire by DeAWM as it pushes to further expand its product offerings, increase outreach to current and future investors, and continue to build its market share in the Americas. Over the last six months, DeAWM has added more than a dozen leading asset and wealth management executives to its Americas team while investing in new technology and launching innovative fund offerings. In November 2013, DeAWM Americas launched the first ETF to provide access to China A-shares with AUM doubling in size since the launch.
Mendelson has more than two decades of leadership and operating experience having spent nine years at BlackRock and 14 years at McKinsey & Co. He was most recently Global Head of Product Development at BlackRock, which he joined in 2005. From 1990 to 2005, he was a Senior Partner in the financial institutions practice at McKinsey & Co., where he focused on insurance, brokerage, and asset management.
Mendelson is a graduate of Harvard Law School and Yale University.
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Deutsche Asset & Wealth Management
With $1.28 trillion of assets under management (as of Dec 31, 2013), Deutsche Asset & Wealth Management 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. Deutsche Asset & Wealth Management is the brand name of the Asset & 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.