Deutsche Asset & Wealth Management has hired former Allianz Global Investor's chief executive officer for Europe, James Dilworth, as head of active asset management.
Dilworth will replace Wolfgang Matis, who retired from the company at the end of June. He will join the executive committee of the asset management arm and the regional management committee of Deutsche Bank in Germany.
Based in Frankfurt, Dilworth will oversee actively managed investment products and solutions across all asset classes, aiming to take advantage of client needs and growth trends in the sector.
At Allianz GI, Dilworth was first chief executive officer in Germany, and later for Europe. Prior to that, he held roles at Morgan Stanley and Goldman Sachs Investment Management.
This is the second high profile appointment at Deutsche Asset & Wealth Management in recent months. In January, Philip Poole joined as head of research, a newly created role, from HSBC Global Asset Management, where he was global head of macro and investment strategy.
Allianz GI was not immediately available for comment on who will replace Dilworth.
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