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Rating:Woods Leaves DWS Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, December 10, 2013

Woods Leaves DWS

Reported by Neil Anderson, Managing Editor

Mike Woods is leaving Deutsche Bank [profile].

MFWire has that confirmed Woods, formerly CEO and U.S. regional head for DWS, has left the asset manager. Lawrence Delevingne of CNBC broke the news.

A spokeswoman for Deutsche declined to comment for this story.

Woods first joined the German multinational's U.S. mutual fund arm four years ago as head of distribution, and he went on to oversee non-investment functions (sales, marketing, administration, etc.) as CEO of DWS U.S. Prior to DWS he held executive roles with Evergreen Investments, XTF Global Asset Management and Legg Mason.

Woods' departure comes after Jerry Miller took over Deutsche Asset and Wealth Management Americas (which includes DWS) this spring and as Brian Binder joins Deutsche as president of DWS Funds and head of fund administration in the U.S. Both Miller and Binder previously held top positions at Van Kampen.

As for U.S. sales, that currently falls under the purview of Joe Sarbinowski, head of the institutional global client group in the Americas for Deutsche Asset and Wealth Management. 

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