Deutsche Asset Management Asia Pacific chief investment officer and business head Andrew Fay is to leave the group.
Deutsche Asset Management Asia Pacific chief investment officer and business head Andrew Fay is to leave the group.
Chris Larsen has been appointed deputy head of asset management, and will officially become head of the Australian asset management business in January.
Fay said he decided to leave the organisation at the end of the year to take an extended break from full-time involvement in the industry.
The move comes only a matter of months after Deutsche sold its Australian fixed income and Australian equities portfolios to United
Kingdom global asset manager Aberdeen Asset Management for $148 million.
The deal came 16 months after Aberdeen Asset Management acquired most of the German bank's London and Philadelphia-based asset management operations.
In another move, John Dorrian was made head of Rreef Australia, responsible for its real estate, infrastructure and hedge fund operations.
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