In a press release Deutsche Bank (DeAM) said that Stephen M. Johnson, who oversees $93.7 billion in assets under management as Chief Investment Officer for INVESCO Worldwide Fixed Income group, has joined the firm, as well as Kenneth R. Bowling, James Guenther, and Randy G. Paas, as well as 12 additional senior staff. The group will report to Bart Grenier, Managing Director and Global Head of Specialty Fixed Income for DeAM.
“This is a significant expansion to our Global and U.S. Institutional Fixed Income Investment team and demonstrates our strong commitment to bringing market-leading strategies to our clients worldwide,” said Kevin Parker, Global Head of Deutsche Asset Management and Member of the Deutsche Bank Group Executive Committee in a press release.
Johnson, who is also a portfolio manager for INVESCO’s Total Return Fund, will join DeAM as a Managing Director. Prior to INVESCO, Johnson had Fixed Income portfolio management responsibilities with the capital management division of PNC Bank. Bowling, Director of U.S. Fixed Income and Portfolio Manager for INVESCO Institutional Worldwide Fixed Income, also will join DeAM as a Managing Director. As Director of U.S. Fixed Income, Bowling has investment and oversight responsibility for the sector specialist teams and domestic portfolio management teams, including Enhanced Cash, Stable Value, Intermediate and Core Fixed Income.
Guenther will join DeAM as a Managing Director from INVESCO where he is Director of Global Credit Research with INVESCO’s Institutional Worldwide Fixed Income group, and he also is co-portfolio manager of the AIM Enhanced Short Bond Fund, responsible for portfolio management of Investment-Grade Synthetic Collateralized Debt Obligations. Prior to INVESCO, Guenther was group Vice President at Duff and Phelps Investment Research, where he directed the firm’s Financial Institution Equity research.
Paas will be a Managing Director at DeAM. At INVESCO, he is Director of Marketing and is responsible for the $44 billion of Stable Value Business, and is a member of the Fixed Income Management Committee. He also is a Relationship Manager for key Stable Value relationships. Paas began his career with INVESCO’s Fixed Income Division as Director of Marketing for PRIMCO Capital Management.
« Some (More) Friday File Fun