Neil Jones has been appointed managing director of Deutsche Asset Management's UK retail business, w...
Neil Jones has been appointed managing director of Deutsche Asset Management's UK retail business, writes Mohamed Ali Bernat.
Jones has been filling this role on a temporary basis ever since February.
His promotion has come as part of a restructuring process at the group.
As part of this Graham Boden, one of the senior managers of Deutsche's regional sales team who had been with the group for five years, has departed.
Jones said: "After my formal appointment as managing director of retail and as part of the restructuring process on sales and marketing distribution in the UK, myself and senior directors made some decisions and as a result Graham decided to leave Deutsche."
Jones added the restructuring was happening on a global scale and that Deutsche would be emphasising its asset management in the future, focusing particularly on the retail side.
He said: "We are already one of the top five global asset managers with assets under management of £600bn.
"We have had a very good year and we will be announcing more changes to intermediaries in the coming months."
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