Deutsche Asset & Wealth Management has made three hires to its global client group passive sales team.
John Adu joins as head of ETP and mandates sales for the UK. He joins from Source, where from 2010 he played a key role in establishing the firm’s UK and Irish client base. Adu started his career at Barclays Global Investors before stints with advisory boutiques Welbeck Consulting and IlliquidX.
Jim Cao joins as a passive sales specialist for the global client group, Asia. Cao joins from iShares, where he was part of the passive team for Asia ex-Japan, and was responsible for structuring products and sales in Greater China. He joined iShares in 2007 and was based in San Francisco before moving to Hong Kong in 2011. He remains in Hong Kong as he undertakes his new role.
Alfred Le Léon joins the team from HSBC Global Asset Management, where he was an ETF product specialist in charge of sales across EMEA. Le Léon joins as a passive sales specialist to strengthen the firm’s coverage in the French market. He is based in Paris.
“This year we have established Deutsche AWM as a major provider of physical ETFs, introduced a range of low-cost Core ETFs, and launched a number of new products to meet the expanding needs of investors,” says Simon Klein, head of ETP sales, EMEA & Asia, Deutsche AWM. “These initiatives are proving successful, as seen in the inflows we’ve had year-to-date. The logical next step is therefore to expand the distribution team.”