The asset management arm of Deutsche Bank AG has appointed sales executives for its four mutual fund families.
Jim Grifo, 48, heads the team, which sells through wire houses and regional firms, investment advisers, and third parties, including bank trust departments. He also leads sales through the investment adviser channel.
Mr. Grifo had been in charge of sales and marketing for Morgan Grenfell Capital Management, a unit of Deutsche Bank.
Christopher Farrell, 36, is responsible for national account relationships for investment advisers. He was a vice president at Morgan Grenfell.
The $854 billion-asset Frankfurt bank also named Matt Connors, 41, to oversee the wire house and brokerage channel. He had been in charge of mutual fund sales for the former Bankers Trust Corp. and BT Alex. Brown, its brokerage arm.
Phil Stambaugh, 54, heads sales through the third-party channel. He was hired from Strong Capital Management, where he was the national 401(k) sales manager.
Deutsche Bank managed $34.8 billion of assets through its four fund families at June 30, according to Lipper Inc. of Summit, N.J.