Deutsche Bank appoints Suresh Soni as CEO

Deutsche Bank group today announced the appointment of Suresh Soni as Chief Executive Officer for its fund management business in India, Deutsche Asset Management (India) Private Limited (DeAM India). He assumes this responsibility in addition to his current role as Chief Investment Officer for Asset Management, India. He will also become a member of the Deutsche Bank India Senior Management Executive Committee.

Mr. Soni has over 15 years of experience in the Indian financial market. He joined DeAM India in 2002 as part of a six-member team to establish the Asset Management business in India. Initially employed as the Head of Fixed Income, India, Mr. Soni was promoted to Chief Investment Officer for the business in January 2007, with responsibility for onshore equity and debt products, as well as overseeing advisory services for domestic and offshore clients. Prior to these roles, he held various investment management positions with organisations including Pioneer ITI Asset Management, Sundaram Newton Asset Management and SBI Funds Management.

“As an investment manager, Suresh has established a strong performance track record for DWS’ domestic funds, including numerous fund award wins. He has been named among the Most Astute Indian Rupee Bond Investors1, as well as Debt Fund Manager of the year2. As a business manager, Suresh has played an active role in establishing and growing our Asset Management franchise in India – including raising assets, managing client and intermediary relationships and determining new funds to be launched,” said Michele Bang, Chief Executive Officer, Asia (ex Japan) for Deutsche Asset Management.

Gunit Chadha, CEO of Deutsche Bank India said, “Suresh brings both experience and expertise to the role of leading our successful Asset Management business in India, which has significant potential for further growth.”

Deutsche Asset Management established its business in India in 2002, and today has more than Euro 1.65 billion (US$2.6 billion) assets under management (as of June 2008). Over the last few years, the firm has built a strong investment performance track record. Its product portfolio spans debt and equity schemes; domestic and offshore funds. All funds are sold under the DWS Investments brand - the global retail asset management brand of Deutsche Bank. DWS Investments is one of the world’s leading mutual fund companies with a strong reputation for product innovation and performance. 

Sourced From: Sampark Public Relations Pvt Ltd