| NEW YORK, July 22
NEW YORK, July 22 Deutsche Bank AG
has hired three new regional vice presidents to join its U.S.
distribution team focused on exchange-traded products, the
company said on Tuesday.
The new additions, who joined Deutsche Asset & Wealth
Management from BlackRock Inc and TS Capital LLC, are
part of a broader expansion effort as Deutsche looks to build
out its ETP footprint in the United States.
"We're in an aggressive buildout mode, and part of that is
making sure that each of the pillars is well-staffed and
operating with the right level of support," Deutsche's head of
passive business in the Americas, Fiona Bassett, said in an
Among the new hires, Steve Dunn joined as an ETF regional
vice president covering ETF strategists for national accounts.
He was formerly a director for BlackRock's iShares sales and
distribution strategy team and has spent nearly 15 years
covering exchange-traded funds.
Lisa Poniewaz, also formerly with BlackRock, joined Deutsche
to cover the Texas region as an ETF regional vice president. She
was formerly with BlackRock's iShares business development
Deutsche also said it hired Brian Szitanko as an ETF
regional vice president covering the Great Lakes region. He was
previously a regional director at TS Capital, and also
previously spent nearly 15 years as a wholesaler for Legg Mason
Global Asset Management and Citigroup Asset Management.
The three new hires joined Deutsche's passive distribution
team in the Americas, headed by Mick McLaughlin. Deutsche has
been focusing on expanding its ETP market share in the United
States by increasing its product distribution. In June, the
company also announced that it hired four ETF regional vice
presidents to cover the west coast region.
Deutsche's ETP platform in the United States currently
includes 64 exchange-traded products, with roughly $11 billion
in assets under management. The firm's ETP platform globally has
about $63 billion in assets under management.
(Reporting by Ashley Lau in New York; Editing by Tom Brown)