just brought a top Invesco
alum to lead Deutsche Bank's DWS Funds
] team in the U.S.
Miller, head of asset and wealth management America for Deutsche, confirmed that Brian Binder
now serves as president of DWS Funds and head of fund administration in the U.S. Binder most recently led business management and consulting at Invesco, after serving Van Kampen (now part of Invesco) as chief administration officer.
Invesco spokesman Bill Henself confirmed to MFWire
that Binder left earlier this year and that his duties have been absorbed by other executives, so there are no plans to replace him.
At Deutsche, Binder succeeds Doug Beck
, who previously served as president of DWS Funds and head of product management before joining
Fidelity in October. At Deutsche Binder reports directly to Miller.
Pointing to Binder's "almost two decades of industry experience spanning operations, strategic planning and implementation," Miller praised Binder for bringing "a wealth of knowledge and insight" to the German multinational's U.S. mutual fund unit.
Company Press Release
Brian Binder Joins Deutsche Asset & Wealth Management
December 03, 2013 02:55 PM Eastern Standard Time
NEW YORK--(BUSINESS WIRE)--Deutsche Asset & Wealth Management announced today that Brian Binder has joined the firm as a Managing Director and President of the DWS Funds and Head of Fund Administration in the US.
“With almost two decades of industry experience spanning operations, strategic planning and implementation, Brian brings a wealth of knowledge and insight to our organization”
In this role, Binder will represent Deutsche Asset & Wealth Management to the DWS mutual fund board, which oversees more than 70 retail funds with approximately $59 billion in assets. He will work closely with the funds' independent board members to ensure optimal oversight of the funds' management and operations.
"With almost two decades of industry experience spanning operations, strategic planning and implementation, Brian brings a wealth of knowledge and insight to our organization," said Jerry W. Miller, Head of Asset & Wealth Americas.
Binder joins Deutsche Asset & Wealth Management with 19 years of industry experience in mutual fund operations, strategic planning and implementation, product development, marketing and board relations. Most recently, Binder was head of business management and consulting at Invesco. Prior to that, Brian served as chief administrative officer for Van Kampen Investments, where he led the development and execution of strategic plan initiatives.
Deutsche Asset & Wealth Management
With $1.26 trillion of assets under management (as of Sep 30, 2013), Deutsche Asset & Wealth Management¹ is one of the world's leading investment organizations. Deutsche Asset & Wealth Management offers individuals and institutions traditional and alternative investments across all major asset classes. It also provides tailored wealth management solutions and private banking services to high-net-worth individuals and family offices.
¹ Deutsche Asset & Wealth Management is the brand name of the Asset & Wealth Management division of the Deutsche Bank Group. The legal entities offering products or services under the Deutsche Asset & Wealth Management brand are listed in contracts, sales materials and other product information documents.
Stay ahead of the news ... Sign up for our email alerts now