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.
Recommended for you
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
The financial services technology company has appointed two non-executive directors following its AGM earlier this year, where it flagged it would embark on a board renewal process.
Several wealth management companies have been selected as finalists at the inaugural awards, which champions those who have transformed the Australian economy with their AI solutions.
Money Management’s sister brand Super Review is pleased to reveal that over 120 finalists will compete for trophies at this year’s awards.