Equity investment veteran and Citywire AA-rated manager Henning Gebhardt is set to join Berenberg Bank in January 2017.
This announcement comes in the wake of Gebhardt earlier this month announcing plans to leave Deutsche Asset Management in 2017 after more than 20 years with the German group.
According to Manager Magazins in Germany, Gebhardt, who was head of global equity at Deutsche Asset Management, will join Berenberg as chief investment officer at the start of next year.
Gebhardt will replace Berenberg Bank’s current CIO Manfred Schlumberger, who has only held the position for one year.
According to Deutsche Asset Management, Gebhardt had stepped down from his role in order to look for new challenges. Gebhardt was previously the manager of the DWS Aktien Stategie Germany and DWS Investa fund.
These strategies will now be run by Citywire A-rated head of German, Austrian, and Swiss equity teams, Tim Albrecht.
Meanwhile, Stefan Kreuzkamp will occupy Gebhardt’s business management role. However, it has not yet been revealed who will assume his role of head of global equity and CIO for EMEA.