DeAMÆs co-COO next to go
After CEO Ed Peter left last month, the firmÆs co-COO for Asia, Paul Klug, is transferring to a wealth management role in Mauritius.
The departures are not related, according to a Deutsche Bank spokesman, but nonetheless Deutsche Asset Management's Asia business has lost another top executive. This time, however, it's due to an internal transfer.
Last month Ed Peter, the former equity capital markets director who moved to DeAM four years ago to run its Asia-Pacific and Mena businesses, departed and reportedly took up to 10 staff with him. They have left to start a new fund venture affiliated with an unnamed German group.
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