Deutsche Bank has unveiled a new executive committee for its newly formed Asset & Wealth Management division, with division head Michele Faissola serving as chairman.
The firm announced last week that it would integrate its active and passive asset management businesses and wealth management into one division. The change was came after a 100-day strategy review performed by Deutsche.
"By integrating these businesses, we will create a global asset and wealth manager with significant scale," Faissola said in a statement. "We will also help our client access a wider range of products and solutions than ever before."
In addition to Faissola, Deutsche Chief Operating Officer Jon Eilbeck will also serve on the Asset and Wealth Management executive committee.
In addition, appointments to the executive committee that will represent the division's investment platforms and functions include: Reinhard Bellet, head of passive investments; Randy Brown, co-chief investment officer of asset management; Pierre Cherki, head of alternative investments for internal managers; Mark Cullen, head of operating platform and re-engineering; Stephane Farouze, head of alternative investments for third-party managers; Kevin Lecocq, chief investment officer of wealth management; Wolfgang Matis, head of active investments; Balaji Prasanna, head of loans/deposits and asset liability and management and Asoka Woehrmann, co-chief investment officer of asset management.
Appointments to the executive committee representing client coverage include: Marco Bizzozero, head of Wealth Management EMEA (Europe, the Middle East and Africa); Thomas Bowers, head of Wealth Management Americas; Joachim Haeger, Head of Wealth Management Germany for Deutsche Bank; Wilhelm von Haller, head of Wealth Management Germany for Sal. Oppenheim; Ravi Raju, Head of Wealth Management Asia Pacific; and Dario Schiraldi, head of distribution.
Regional management committees will be led by Wolfgang Matis in Germany, Ravi Raju in Asia Pacific, Dario Schiraldi in EMEA. A leader for the Americas regional management committee has not yet been named.
"The leadership team brings together the expertise of Deutsche Bank's Asset Management and Wealth Management business, as well as passive investment and third-party alternatives platforms that were formerly part of the Corporate Banking and Securities division," Faissola said.
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