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Jones quits as Deutsche presses for decision on his future

Deutsche Asset Management UK retail business managing director Neil Jones has suddenly res-igned after being pressed to make a decision on his future.

Jones, who had been with Deutsche Asset Man-agement for five years, left the company last Thursday after handing in his resignation the previous day to chief executive officer Paul Berriman.

Berriman had requested that Jones pledge his future to the company or quit after he had requested a career break earlier this year.

Jones, who has been replaced by Michael War-ren, who is head of Deut-sche&#39s global balanced team, had suggested to Berriman that he was considering taking a career break but had yet to make a final decision.

But with the fund manager set to rebrand as DWS Investments and convert its fund range to an Oeic structure by mid-Sept-ember, Berriman dem-anded last week that Jones nail his colours to the mast, which resulted in his resignation.

Berriman says: “It is good for Warren that he gets a reasonable period of time to assimilate himself and maybe throw some ideas into the melting pot.

“We thank Neil for his contribution to the business over the past five years and wish him every success for the future.”

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