Saman Majd has been appointed chief executive of global institutional and retail business, at Deutsche Asset Management.
A spokesman for DeAM confirmed the appointment but refused to give any further details at this stage.
By Madhu Kalia
Former home secretary Amber Rudd is to return to the cabinet as work and pensions secretary after the resignation of Esther McVey.
This week's top stories included proposed draft regulations in a no-deal Brexit which would make scheme investments illegal, and Esther McVey's resignation as secretary of state.
There have been a total of 15 ministers responsible for pensions since 1997. Here is the list in full.