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Rothschild chief executive to join Deutsche

Rothschild Asset Management chief executive Paul Manduca will join Deutsche Asset Management in December in a move widely predicted by the industry.

Manduca will become DAM&#39s CEO for Europe after announcing last week that he did not expect to have a future role with RAM now the company was seeking a buyer or merger partner.

He will replace Udo Behrenwaldt, who will become a vice-chairman and senior adviser to DAM, which is in the process of rebranding to DWS Investments.

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