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 from Deutsche with some £16.8bn in assets.
Aberdeen's Yoon Chou- Chong will take on the mandate of the £159.2m DWS UK Growth fund after its move to Aberdeen, with current manager Charlie Curtis remaining with Deutsche to run a hedge fund.
Pulsford will also run a hedge fund.
Chou-Chong is to retain his role as head of pan-European equities at Aberdeen.
After completion of the deal, targeted for September, the managers will come un- Asian investment approach first pioneered by Young, but Aberdeen's director of marketing, Gary Marshall, said the Deutsche approach was sufficiently similar as to cause no serious revisions in process on the part of the incoming managers.
All managers will be required to complete company notes from a universal form as part of the screening process.
The bond business will come under the leadership of Steve Ilott from Deutsche, who will join Aberdeen's executive committee.
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created