Deutsche Bank Names Dilworth Active Asset Managemnet Head

Deutsche Bank AG hired James Dilworth, chief executive officer of Allianz Global Investors Europe, to oversee almost half a trillion euros in actively managed investments.

Dilworth, 57, will join the executive committee of Deutsche Asset & Wealth Management as head of active asset management as soon as possible, Deutsche Bank said in a statement today. He will also lead the unit’s operations in Germany, Deutsche Asset & Wealth Management Investment GmbH, assuming regulators approve, according to the statement.

Dilworth has been with Allianz SE’s fund management subsidiary Allianz Global Investors since 2009, becoming chief of European operations in 2012. At Deutsche Bank, he will report to Michele Faissola, head of Deutsche Asset & Wealth Management. Dilworth succeeds Germany head Wolfgang Matis, who retired for “personal reasons” after working for the lender since 1973, the bank said earlier this month.

Before joining Allianz Global Investors, Dilworth was CEO of Morgan Stanley Investment Managers for Europe, the Middle East and Africa and a managing director for Goldman Sachs Investment Management in Frankfurt.

At Deutsche Asset & Wealth Management, Dilworth will oversee about 490 billion euros ($659 billion) in actively managed investments and more than 400 employees. The unit has total assets under management of 934 billion euros, according to the statement.

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