Deutsche confirms new head of retail
By Rebecca Evans
DeutscheAsset Management (DeAM) has appointed its acting head of retail distribution Alan Miller formally into the role five months after the departure of Bruce Murphy, who left to join Macquarie Funds Management (MFM) in the same role and drive its push into the retail space.
Miller’s appointment was hampered by the departure in May of chief executive Ross Youngman, as replacement group head, Shaun Mays, sought to review the business ahead of filling the role.
Miller reports to Mays, who says the group is focusing squarely on improving its traditional and absolute return investments, along with enhancing its local service to clients.
“The retail market is an important focus for Deutsche Asset Management in Australia and I believe Alan is the right person to implement our next growth phase in retail. We will also commence the rollout of some of these exciting new retail products by the end of this quarter,” Mays says.
Miller was previously national sales manager for DeAM’s retail business. He joined DeAM in September 2000 and has more than 15 years experience in the financial services industry, with prior positions including business development manager with PerpetualInvestments and National Mutual.
Mays, a former chief executive officer with Westpac Financial Services, took over from Youngman after an 11-year tenure with Deutsche.
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