EUROPE - Deutsche Asset Management (DeAM) has poached Steen Jørgensen from Schroder Investment Management (SIM) as head of institutional sales for the Nordic region, based in Stockholm.
The move is part of a bid to strengthen its sales presence in Europe.
Jørgensen spent eight years at SIM, developing the firm’s business in Sweden and Finland. Before this, he was at Copenhagen-based Amagerbanken as head of the investments. Until now the firm’s sales initiatives have been driven from London, despite having clients in the Nordic region. DeAM would not disclose the number of assets under management for the region, but said that its clients covered pension funds and some government entities. Jørgensen will report to Mark Scott, DeAM’s head of european institutional sales and marketing.
During the past 18 months the firm has also made sales appointments to Austria, Ireland, Italy and Switzerland.
By Madhu Kalia
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