Carmignac reshuffles responsibilities in Germany and Austria

Handshake 3Carmignac has strengthened its client service in Germany with the appointment of two directors responsible for wholesale and retail clients, respectively.

Following the departure of Kai Volkmann, Michael Schütt will take over as the new head of country for Germany and Austria in September.

Schütt previously held the roles of head of wholesale, Germany, at Bank of New York Mellon, and head of sales, German banks, at Invesco Asset Management. He also worked at Citibank, Morgan Stanley, Merrill Lynch International Bank and Deutsche Bank.

Roland Schmidt will join as head of wholesale business development for Germany and Austria in July, having previously worked at M&G International, where he was head of sales at M&G International. He also worked at Baring Asset Management and Fidelity Investments.

Frank Rüttenauer has been promoted to head of retail business development.

Davide Fregonese, global head of sales, says Carmignac’s growth in Germany and Austria, and the strategic weight of these markets, was the reason for putting in place a dedicated wholesale and retail division aimed at further supporting our local distributors and partners.

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