Epoch Investment Partners has appointed Philipp Hensler as its new president and COO, replacing Timothy Taussig who will retire at the end of this year.

Hensler joins from Vontobel Asset Management, where he served as the president and CEO. Before that, he worked as the head of distribution at OppenheimerFunds.

Epoch co-founder, CEO and co-CIO William Priest said: “I look forward to partnering with Philipp as we lead Epoch together in the next phase of our evolution.”

Hensler previously also worked at Deutsche Asset Management / DWS, where he held senior roles including CEO of the New York-based distribution unit, as well as at Coutts Bank and Rothschild Bank.

“I’m excited to be joining Epoch, an investment led organisation with a clear investment philosophy and process. I look forward to working with Bill Priest and the Epoch team, who have a tremendous culture of intellectual curiosity and continuous innovation,” Hensler noted.

Founded in 2004, Epoch offers US, non-US and global equity strategies for institutional and intermediary clients. The firm managed around $44.2bn in assets at the end of June 2018 and employs more than 110 staff.