DWS loses managing director after Aberdeen's purchase of its retail arm

DWS managing director Michael Warren is to leave following Aberdeen's purchase of Deutsche's UK retail business, but fund managers Charlie Curtis and James Pulsford will remain at the combined group. The group has bought the whole UK Oeic business from Deutsche, which has some £1.8bn under management, as well as its fixed income businesses based in London and Philadelphia, amounting to some £27.7bn in assets. It has also acquired institutional der the leadership of Aberdeen chief investment officer Anne Richards and head of equities Hugh Young. The joint group will use the businesses fro...