Rothschild Asset Management has appointed Michael Woods as Chief Executive Officer (CEO) with immediate effect.
Woods' appointment underlines the firm's strong commitment to continue building a pre-eminent asset management business for Rothschild North America.
Jean-Louis Laurens, Global Head of Asset Management for the Rothschild Group, says, "Mr. Woods' experience and proven track record in creating and implementing successful retail and institutional distribution capabilities coupled with his valuable leadership and management skills will be instrumental in driving our growth strategy in the US."
Most recently, Woods was Head of the Americas, Global Client Group for Deutsche Asset & Wealth Management and CEO of DWS Investments where he was responsible for managing the US mutual funds business as well as the firm's Americas' distribution teams. Prior to DWS, he served as Senior Vice President and Head of the Financial Intermediaries and Investments Group at Evergreen Investment Management Company, LLC. Additionally, Woods served as the Chief Executive Officer and Vice Chairman of the board at XTF Advisors.
"I look forward to working closely with Michael Woods and the entire team in this next stage of development for our US asset management business," says Laurens.
Daniel Oshinskie will continue to oversee the firm's current investment process as Chief Investment Officer and will report to Woods. Michael Tamasco, current Co-Head of the US business and Global Co-Head of Distribution, having accomplished many of his original objectives, which included developing new investment strategies and vehicles, establishing a liquid alternatives joint venture, restructuring the salesforce, introducing new target markets, and improving global marketing collaboration, has decided to seek a new challenge.
"On behalf of everyone at Rothschild, I would like to thank Daniel Oshinskie and Michael Tamasco for their contribution to the management of the business and wish Michael Tamasco all the very best in his future endeavours," says Laurens.
