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By Javier Simon | January 06, 2017
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Deutsche Asset Management Appoints New CIO

Petra Pflaum has been named Deutsche Asset Management's (Deutsche AM)’s new chief investment officer for Responsible Investments.

Pflaum will be tasked with managing the firm’s environmental, social, and governance (ESG) team while also growing its client offerings across the firm’s Active, Alternatives and Passive businesses. The existing ESG thematic research and governance teams will report to her.

Pflaum will continue in her role as EMEA Head of Equities for Deutsche AM, and will be joined by Britta Weidenbach who will become EMEA Co-Head of Equities effective immediately. Pflaum will also become a member of the Management Board of Deutsche Asset Management Investment GmbH representing Deutsche AM’s Equity and Equity Trading businesses.

‎Pflaum joined Deutsche AM in 1999. Beforehand, she served as the company’s co-head of Global Research and global head of Small & Mid Cap Equities. Weidenbach is currently head of European Equities and has also been with Deutsche AM since 1999. She has managed European equity funds since 2001.

“Deutsche AM has recognized the importance of ESG within its investment approach for many years,” says Nicolas Moreau, head of Deutsche Asset Management. “We are proud to have been amongst the early signatories to the UN supported Principles for Responsible Investment (PRI) in 2008.  It is important we build on this heritage, and use our expertise to help clients who want support in this important investment area."

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