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DB moves UCITS platform to wealth management division

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Deutsche Bank is believed to be in the process of moving its platforms from its investment banking arm into its new integrated asset and wealth management division.

Reinhard Bellet, head of passive investments in the integrated asset and wealth management division, will be responsible for the dbX Managed Account Platform and the Platinum UCITS in the new division.

Earlier this month, DB announced the new executive committee for its asset and wealth management division.

Michele Faissola, head of asset and wealth management for Deutsche Bank, said: “The leadership team brings together the expertise of Deutsche Bank's asset management and wealth management