US - Deutsche Bank has recruited Fidelity's Bart A. Grenier to the new position of head of specialty fixed income for Deutsche Asset Management (DeAM).
Grenier joins after 15 years with Fidelity Management & Research Company, most recently as senior vice president responsible for a range of investment groups with combined assets of more than US$500bn.
Based in New York, he takes up his new role on June 13, reporting to Kevin Parker, global head of Deutsche Asset Management. Grenier will also become a member of DeAM’s operating committee.
“Bart’s appointment reflects DeAM’s commitment to the US market and our intention to make DeAM a market-leading business,” said Parker. “Bart has tremendous career experience and a great investment management track record. He will add significant depth to our global management team.”
At Fidelity, Grenier covered the fixed income and money market division, high income division, asset allocation group, value equity group, growth and income group and the strategic advisors group.
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