Deutsche Bank names new asset management chief

Deutsche Bank has appointed industry veteran Nicolas Moreau to head of asset management on its management board. Moreau joins from Axa, where he served for 25 years. He became chief executive officer of Axa Investment Managers in 2002, and in 2007 took over the leadership of Axa’s UK and Irish arms. He returned to France in 2010 to lead Axa France, where he was most recently chairman and CEO. He also oversaw Axa Global Direct and AXA Partners. Based in London, Moreau succeeds Quintin Price, who was appointed by Deutsche Bank last year to oversee a significant restructuring that split the group’s asset and wealth-management divisions. He took a leave of absence on health grounds in April this year, and it was announced he was stepping down permanently from the role in June. During his absence, Price’s role was covered by Jon Eilbeck, the asset management division’s global chief operating officer. Deutsche Bank manages assets of €755 billion as of March 31 2016. The group’s asset management arm is the smallest of its four primary business units by revenue, but offered the highest return on equity in the previous quarter. The division generated €3.3 billion in net revenue last year, a year-on-year increase of 16%. ©2016 funds europe

Sponsored Profiles

SPONSORED FEATURE: Alternative thinking

Mar 16, 2017

Portfolio Manager Davide Cataldo discusses the results of the Pioneer Investments’ survey on liquid alternatives and how investors can be encouraged to increase their allocation.

SPONSORED FEATURE: Interest rate risk hedging: Swapping to other options

Mar 16, 2017

Heightened margin requirements for cleared and uncleared OTC derivatives pose a challenge for legitimate hedging activities and are driving financial institutions to explore alternative hedging...

SPONSORED FEATURE: Why blockchain could be the fund industry’s next Ford Model T

Mar 16, 2017

Blockchain aims to radically change the way investors can access funds, says Olivier Portenseigne, Managing Director and Chief Commercial Officer of Fundsquare.

SPONSORED FEATURE: Open architecture: In need of protection

Mar 16, 2017

Greater efficiency must be embraced to ensure regulatory changes do not destroy choice for fund buyers, says Bernard Tancré of Clearstream.

Executive Interviews

CEO INTERVIEW: Munro gains three-year track record

Mar 16, 2017

Aviva Investors’ annual results this month were the third set since Euan Munro took over as CEO. Nick Fitzpatrick speaks to him about the ‘Aims’ fund at the heart of the firm’s outcome strategy.

DISTRIBUTION INTERVIEW: Tales of the unexpected

Mar 16, 2017

Laurence Terryn, a fund selector at Candriam, tells David Stevenson how the twists and turns of the past year’s macro environment flavoured her approach to fund selection.

Roundtables

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.