Deutsche appoints Hales in renewed strategy
Deutsche Asset Management(DeAM) has appointed Cathy Hales to the newly created position of head of product for its Australian operations.
Reporting to DeAM chief executive Ross Youngman, Hales will be responsible for driving the group’s new product development strategy, as well as managing Deutsche Asset Management’s existing suite of traditional and alternative products for both the institutional and retail markets.
Hales was previously head of wealth management solutions forMacquarie Bank’s Financial Services Group, and has also held a range of senior product management and marketing roles forColonial First State InvestmentsandBT Funds Managementin Australia and the UK.
Neither Hales nor Youngman were available to comment on the appointment or the group’s new strategy.
However Deutsche flagged the possibility of launching new products targeting global equities for the institutional market after winning a $256 million mandate from wholesale fund managerQueensland Investment Corporationearlier this year.
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