Deutsche Asset & Wealth Management (DeAWM) today announced two senior private equity hires to support the growth of its alternatives business in the Americas and worldwide.
Joshua Glaser has joined as a Director and Global Head of Private Equity for the Global Client Group. Based in New York, he reports to Pascal Botteron, Global Head of Alternative Investments for the Global Client Group. Brian Chiappinelli has joined as a Director and North American Product Specialist for Private Equity. Chiappinelli is based in Boston and reports to Glaser.
Carlo Pirzio-Biroli, Global Head of Private Equity for Deutsche Asset & Wealth Management, said: “We're seeing increasing demand for differentiated private equity offerings across our global client base. We are excited to welcome Joshua and Brian to the team to help drive the delivery of further high quality products and solutions for our clients.”
Glaser most recently served as the Director of Investor Relations for Paul Capital Partners, a firm focused on secondary private equity investing. Chiappinelli joins from HarbourVest Partners, a global private equity firm, where he was responsible for business development and client relations across new and existing investors and their investment consultants and advisors.“Both Joshua and Brian’s extensive industry experience will help in building out our alternatives business and further strengthening our relationships with new and existing clients,” said Joe Sarbinowski, the head of the Institutional Global Client Group in the Americas. Deutsche Asset & Wealth Management – Real Estate Deutsche Asset & Wealth Management’s real estate investment business (formerly RREEF Real Estate) has been investing in real estate assets for more than 40 years. As part of the Alternatives and Real Assets platform, this business today has more than 450 employees located in 21 cities around the world and €36.7 billion 1 in assets under management as of June 30, 2013, and offers a diverse range of strategies and solutions across the risk/return and geographic spectrums, including core and value-added real estate, real estate securities, real estate debt and opportunistic real estate. The real estate investment business employs a disciplined investment approach and aims to deliver superior long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, retirement plans, and private clients worldwide. To learn more about Deutsche Asset & Wealth Management's real estate investment capabilities, go to www.rreef.com. ¹ Excludes infrastructure securities assets under management, which were previously reported under the RREEF Real Estate business.