Follow the money, as one famous Washington source once said, although he probably wasn't talking about mutual fund marketing.

Nonetheless, that is what one global player in the asset management space is doing. Deutsche Asset & Wealth Management, which markets the DWS line of mutual funds, has launched a Key Client Partners team to serve ultra-high-net worth clients, and hired Caroline Kitidis to lead the team in the Americas.

Kitidis joins Deutsche Asset & Wealth Management after 15 years at Goldman Sachs, where she was most recently Head of the Americas Structured Solutions Group within Private Wealth Management.

"This is an exciting time in the development of our ultra high net worth business. Our investment platform spans all asset classes and is ideally suited to serve the needs of the most sophisticated investors," stated Jerry Miller, Head of Asset & Wealth Management Americas.

Here is the press release:

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Company Press Release

Deutsche Asset & Wealth Management Appoints Caroline Kitidis as Head of Key Client Partners & Wealth Investment Advisory for the Americas

   Deutsche Asset & Wealth Management announced today that Caroline Kitidis will join the firm as Head of Key Client Partners & Wealth Investment Advisory for the Americas, effective August 2013.

  Kitidis will lead a team that structures customized investment solutions for ultra high net worth clients in the Americas, including individuals and family offices.

  Dario Schiraldi, Head of Global Client Group, Deutsche Asset & Wealth Management, said: "I am delighted a professional of Caroline's caliber has joined our team to help provide ultra high net worth clients with comprehensive market access, high quality investment ideas, and swift execution."

  Jerry Miller, Head of Asset & Wealth Management Americas, added: "This is an exciting time in the development of our ultra high net worth business. Our investment platform spans all asset classes and is ideally suited to serve the needs of the most sophisticated investors."

  Kitidis joins Deutsche Asset & Wealth Management after 15 years at Goldman Sachs. She was most recently Head of the Americas Structured Solutions Group within Private Wealth Management. Before that, she led Equity Derivative Structuring for private clients.

  Kitidis will be based in New York and report to Dario Schiraldi and Deutsche’s Co-Heads of Wealth Management in the Americas, Chip Packard and Haig Ariyan.

Deutsche Asset & Wealth Management

With €944 billion of assets under management (as at December 31, 2012), Deutsche Asset & Wealth Management  is one of the world's leading investment organizations. Deutsche Asset & Wealth Management offers individuals and institutions traditional and alternative investments across all major asset classes. It also provides tailored wealth management solutions and private banking services to high-net-worth individuals and family offices.

  1 Deutsche Asset & Wealth Management is the brand name for the Asset Management & Wealth Management-division of Deutsche Bank AG and its subsidiaries. The responsible legal entities offering clients products or services of Deutsche Asset & Wealth Management are listed in the respective contracts, sales materials and other product information documents.

     

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