The Americas chief for a multinational financial services giant's asset management arm is heading out.

Jerry W. Miller Deutsche Bank Head of Asset Management, Americas

Jerry Miller, head of the Americas for Deutsche Asset Management [profile], will be stepping down in a few months, a source familiar with the situation confirms. There is no word yet on who will succeed Miller.

A spokeswoman for Deutsche declined to comment for this story. MFWire could not immediately reach Miller himself for comment.

Quintin Price Deutsche Bank Global Head of Asset Management

Miller joined Deutsche in May 2013 as head of asset and wealth management Americas, reporting to Michele Faissola, then chief of all asset and wealth management worldwide. In October 2015, Deutsche Bank's supervisory board unveiled fundamental structural changes across the publicly-traded giant, including the separation of Deutsche Asset & Wealth Management and the impending departure of Faissola. The private wealth management unit became part of Deutsche's private & business clients division, while asset management became its own division.

In December 2015 London-based BlackRock veteran Quintin Price took over as Deutsche's global head of asset management. Miller reports to Price, who is a member of the management board for all of Deutsche Bank.

Michele Faissola

An alumnus of Swarthmore, Miller worked at Merrill Lynch and Morgan Stanley before leading Morgan Stanley's Van Kampen Investments arm. He later founded consulting shop Sentio Advisors and advised private equity firm Lightyear Capital.

Deutsche had $846 billion in global AUM as of December 31. That includes $330.7 billion in funds, including $92.9 billion in U.S. assets. 

Edited by: Neil Anderson, Managing Editor


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