Deutsche Asset & Wealth Management Expands Its Passive Distribution Team in the Midwest and Texas

Deutsche Asset & Wealth Management (DeAWM) announced today that it has hired three Regional Vice Presidents to support the growth and coverage of its U.S. exchange-traded products (ETP) platform in the Midwest and Texas. The team reports to Mick McLaughlin, Head of Passive Distribution in the Americas.

“We have been strategically expanding our passive asset management sales team,” said McLaughlin. “Our goal is to provide extensive coverage and services across the U.S.”

“In just a short time, our U.S. platform has successfully expanded its product offering and distribution team, delivering unique and sophisticated products to our clients,” said Fiona Bassett, Head of Passive in the Americas. “We are focused on maintaining this positive momentum as we strive to be a market leader in the U.S. passive industry.”

Steve Dunn has joined the Firm as an ETF Regional Vice President, covering ETF strategists for national accounts. Dunn joined from BlackRock, where he was most recently a Director for the iShares sales and distribution strategy team. Dunn has spent nearly 15 years covering ETFs and has over 18 years of industry experience.

Brian Szitanko has joined the Firm as an ETF Regional Vice President, covering the Great Lakes region. Prior to DeAWM, Szitanko was a Regional Director at TS Capital. Before that, he spent nearly 15 years as a wholesaler for Legg Mason Global Asset Management and Citigroup Asset Management.

Lisa Poniewaz has joined the Firm as an ETF Regional Vice President, covering Texas. Poniewaz joined from BlackRock, where she most recently was an Associate in the business development group of iShares.

The expansion of the passive distribution team is part of DeAWM’s latest push to further expand its product offerings, increase outreach to investors, and continue to build its market share in the Americas. In June, the Firm announced that it had hired four ETF Regional Vice Presidents to cover the West Coast region. Earlier this year, Dodd Kittsley joined the firm as the Head of Exchange-Traded Product Strategy in the Americas.

In addition to strategic hires, DeAWM has recently launched several products to meet the needs of its clients, including the first ETF to provide broad access to the available Chinese equity market, db X-trackers Harvest MSCI All China Equity Fund (NYSE ticker: CN).

Deutsche Asset & Wealth Management’s U.S. exchange traded products (ETP) platform includes 64 ETPs, with approximately $11 billion in assets under management. Deutsche Asset & Wealth Management’s ETP platform was launched in 2006 and has risen to become the second largest ETP provider in Europe and the fifth largest in the world, with approximately $63 billion in assets under management as of December 31, 2013.1

For more information about the ETPs available in the U.S., visit: http://www.dbxus.com. For further information about this press release, please call:

Catherine Wooters
Phone: +1 (212) 250-2790
E-mail: catherine.wooters@db.com

Deutsche Asset & Wealth Management

With $1.29 trillion of assets under management (as of March 31, 2014), Deutsche Asset & Wealth Management2 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 Source: Deutsche Asset & Wealth Management

2 Deutsche Asset & Wealth Management is the brand name of the Asset Management and 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.

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