Torben Nielsen Named Head of Deutsche Bank PWM Cash Products

Deutsche Bank Private Wealth Management (PWM) has named Torben Nielsen as its global head of cash products. This is a newly created role designed at bolstering the firm's cash management offering.

In addition to managing about €70 billion in cash assets, Nielsen will run all short-term products, such as CDs (certificates of deposit), bonds and money market funds. He will be based in London and will report to Kevin Lecocq, head of global investment solutions at Deutsche Bank PWM.

Nielsen was poac

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