Deutsche appoints new property exec
Deutsche Asset Managementhas appointed Peter Cashmore as senior portfolio manager for the Deutsche Paladin Property Securities team.
Cashmore will join the group at the end of the month fromCitigroupSmith Barney, where he was a senior listed property trust analyst. He replaces portfolio manager David Sullivan, however in a more senior role.
“This appointment comes at a time when we have just ended the financial year in a very strong position, finishing in the top quartile of performance for LPT managers over the last twelve months,” says head of the Paladin team Andrew Stubing, who Cashmore will report to.
Senior portfolio manager Mark Ferguson completes the three man team, which manages over $1.1 billion in property securities, including $630 million in the Deutsche Paladin Property Securities Fund.
“Peter brings over 15 years of direct property experience, as well more recent experience as an analyst in the listed property market. This combination was critical to his appointment, with his direct property experience blending well with the existing team. The combined investment experience of the team now exceeds 40 years,” Stubing added.
This Deutsche Paladin Property Securities Fund achieved aMorningstarstar rating of five as at the end of May.
AUTHOR
Craig Phillips
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.
