Woods to Head U.S. Distribution at DWS Investments

August 25, 2009 (PLANSPONSOR.com) - DWS Investments, the US retail unit of Deutsche Bank's global Asset Management division, has announced the appointment of Michael J. Woods as US Head of Distribution.

Woods has almost two decades of experience covering the US investment market, most recently as the former Head of the Financial Intermediaries and Investments Group at Evergreen Investments.

He also was CEO of XTF Global Asset Management, a New York-based quantitative exchange traded funds (ETF) asset manager and spent more than six years as US Head of Sub-Advisory and IO Business at Citigroup/Legg Mason, according to the announcement.

“We are delighted to welcome Michael to DWS Investments,” said Gefeke. “The US retail investment market has undergone important changes in the last year or so, presenting us with unusual opportunities. Accelerating our business development to provide optimal investment solutions for our clients is a key priority, and Michael will help to develop the structure necessary to enable Distribution to meet that goal.”

DWS Investments manages over $117.7 billion (as of 6/30/09) in retail and retirement assets in more than 135 mutual funds and variable insurance portfolios across all major asset categories in the US, according to the firm. More information is available at http://www.dws-investments.com .