Deutsche Asset & Wealth Management (DeAWM) has hired James Dilworth as head of active asset management.

Based in Frankfurt, Dilworth will also join the DeAWM executive committee and become CEO of DeAWM Investment GmbH.

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Dilworth’s start date is yet to be decided between the German bank and his former employers, Allianz Global Investors, where he was CEO for Europe and a member of the global executive committee. Before Allianz, Dilworth was CEO of Morgan Stanley Investment Managers EMEA.

Michele Faissola, head of DeAWM, said: "As an active manager, DeAWM has an unrivalled heritage and market position in Germany. Our goal is to maintain our leadership in our home country, while providing even more clients around the world with the opportunity to benefit from our active investment expertise."

DeAWM manages approximately EUR 490 billion of assets in active strategies and employs over 400 active management investment professionals.

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