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| Rupertus Rothenhaeuser |
ABN AMRO's Rupertus Rothenhaeuser, head of the private investor group in Hong Kong, is joining DWS Investments, the asset management arm of Deutsche Bank. He joins in a new role as head of structured fund sales in Frankfurt, to spearhead the development of derivative-wrapped fund products for the German market. Starting in January, he reports to Stephan Kunze, head of distribution for Europe and Asia-Pacific at DWS in Frankfurt, who also joined from ABN earlier this year (DW, 7/1) to build up retail structuring. Rothenhaeuser said he is looking forward to the challenge of building up the business in his home market. "There's so much potential here," he noted, explaining that with large amounts of money flowing into funds on a monthly basis in the country, there is a good opportunity to offer structured fund-linked instruments that offer additional upside over traditional products. Initially Rothenhaeuser said he will start with interest rate related fund products, given the anticipation in rate rises but eventually will offer derivative wrappings across asset classes.
Rothenhaeuser said a handful of structured product marketers will be added to the team early next year.
At ABN, Rothenhaeuser oversaw the firm's re-entry into the Hong Kong warrants market this year (DW, 5/13), and prior to that he was the global head of retail derivatives at BNP Paribas in Paris. Hui Yuk Min, spokeswoman at ABN in Hong Kong, confirmed the departure, but declined to comment on a replacement.
