Deutsche Asset & Wealth Management, part of Deutsche Bank, announced yesterday that Brian Binder has joined the firm as a managing director and president of the DWS Funds business and head of fund administration in the US.

Deutsche Asset & Wealth Management, part of Deutsche Bank, announced yesterday that Brian Binder has joined the firm as a managing director
and president of the DWS Funds business and head of fund administration in the US.

In this role, Binder will represent Deutsche Asset &
Wealth Management to the DWS mutual fund board, which oversees more than 70
retail funds with approximately $59 billion in assets.

Binder joins the firm with 19 years of industry experience
in mutual fund operations, strategic planning and implementation, product
development, marketing and board relations. Most recently, he was head of
business management and consulting at Invesco. Prior to that, Binder served as
chief administrative officer for Van Kampen Investments, where he led the
development and execution of strategic plan initiatives.

Deutsche Asset & Wealth Management has $1.26 trillion of
assets under management (as of Sep 30, 2013).