Deutsche Bank said Wednesday that it had hired Bart A. Grenier for the new post of head of specialty fixed-income in its asset management subsidiary.
Mr. Grenier, who is to begin at Deutsche Asset Management in New York on June 13, was hired from Fidelity Management and Research Co., the unit that runs Fidelity Investments' mutual funds. He is to report to Kevin Parker, the global head of Deutsche Asset Management, and will be a member of the unit's operating committee.
He worked 15 years at Fidelity, most recently as a senior vice president responsible for investment groups with combined assets under management of more than $500 billion. These included the fixed-income and money market division.
The Deutsche Bank unit manages $744 billion of assets.
