Steffen Selbach has been appointed as chairman of the board of Deka Vermögensmanagement (DVM), as Deka Group is set to rebrand the wealth management unit next month.
Selbach was previously managing director at Deka Investment, where he was among others in charge of wealth management. He has been with Deka Group for more than 20 years.
DVM’s new board will also include Dyrk Vieten und Holger Wern, who previously worked on the board of Deka Group subsidiary LBB Invest.
The appointments precede a new division of tasks for Deka Group’s asset management offering from April on.
DVM will combine Deka Group’s standardised asset management as well as individual wealth management efforts. In addition, it will also cover so called “boutique funds” which involve third party selection.
Meanwhile, Deka Invest will focus on fundamental and quantitative fund management strategies for mutual and Spezialfonds as well as ETFs and asset servicing.