GERMANY – Peter Roemer has left Crédit Suisse Asset Management to join Deutsche Asset Management as its new head of European institutional business with immediate effect.
Prior to joining DeAM today, Roemer was chief executive of CSAM in Europe and a member of the executive committee for Crédit Suisse First Boston, CSAM’s Zurich-based parent.
DeAM said that in his new role, the 42-year-old Roemer would be in charge of growing its “institutional business throughout Europe, building on DeAM’s strong position in Germany”.
He reports to Roelfien Kuijpers, who is global head of DeAM’s institutional business in New York.
Kuijpers said Roemer’s appointment was “a valuable asset” in DeAM’s efforts to satisfy demand among European institutions for “investment products and solutions across a broad range of both traditional and alternative classes”.
Roemer’s appointment comes six months after the departure of Oliver Behrens, DeAM’s former institutional business head in Germany.
Behrens left DeAM at the end of 2005 to join DekaBank, the asset manager of Germany’s state-owned Sparkassen, as a board member.
A DeAM spokesman said Roemer had been given the added responsibility of being in charge of Europe. That responsibility formerly rested with DeAM in the UK which was sold last summer to Aberdeen Asset Management for £265m.
The shutdown of DeAM in the UK also led to Kuijpers’ promotion last February. Prior to becoming global head of DeAM’s institutional business, she was global head of strategic planning, communications and marketing at the asset manager.
Kuijpers reports to Kevin Parker, board member of Deutsche Bank with ultimate responsibility for asset management. Parker is also based in New York.
Including assets that are administrated, DeAM in Germany had €89.5bn in
institutional assets under management as of March 31.