UK - Deutsche Asset Management has appointed Insight Investments’ Mark Connolly to the new position of European head of institutional distribution, a new role.

Connolly, managing director of institutional business at Insight, will be based in London with a desk in Frankfurt and will start in mid-November.

Insight told IPE that Connolly, who had been working for Insight after the asset manager merged with Rothschild, would not be directly replaced.

Insight’s deputy chief executive Gary Mairs will be doing Connolly’s job, assisted by Mark Ahern, head of client services and institutional business development head Roger Price-Haworth.

At DeAm Connolly will concentrate on the growth of the business outside Germany and the UK where the firm is not well represented such as Italy, France, Spain, Switzerland, the Netherlands and the Nordic region.

Connolly will also chair the European institutional distribution strategy across Europe and be responsible for pan-European institutional sales and relationship management.

Connolly will also be responsible for pan-European institutional sales and the coordination of relations between with European consultants and institutional product management.

He reports to Axel Schwarzer, managing director of DeAM Europe and will work with Oliver Behrens, head of institutional business for Germany and Robin Hindle Fisher, head of UK institutional business.

Schwarzer said: “We are confident that Mark will bring fresh impetus and ideas to our goal of building an industry-beating distribution platform in all countries and regions of Europe.”

Paul Manduca, DeAM’s European chief executive officer, said: “DeAM’s expansion in Europe outside our core markets of Germany and UK will be aided by better coordination of our European distribution platform and the appointment of a senior member of staff dedicated to this task.”