Harald Rieger shifts his position from DWS to Union Investment.
Harald Rieger, a seasoned finance professional, has recently transitioned from his role as sales chief for Germany and Austria at DWS to a new position as Chief Investment Officer (CIO) at Union Investment. This move comes as Union Investment seeks to strengthen its leadership in the asset management industry.
Rieger's new role at Union Investment is crucial, as he will be responsible for shaping the firm's investment direction and product offerings. His expertise, gained during his tenure at DWS, is expected to be a valuable asset to Union Investment.
Meanwhile, Gero Schomann has been appointed as the new sales chief for the sales region of Germany and Austria at DWS. This transition is a result of Rieger's departure, which is expected to occur by August 2022, although it could happen earlier if DWS agrees to a faster departure.
In a related development, Union Investment has determined a successor for Rieger at DWS, but the details of this succession are not yet clear. It is also worth noting that Rieger will take over the position previously held by André Haagmann at Union Investment, leading the institutional business of the company.
Haagmann, on the other hand, is set to join the management board of Union Asset Management Holding next March. This move marks a significant shift in the leadership of both Union Investment and Union Asset Management Holding.
Rieger's career at DWS spans over a decade, having joined the firm in 2007. Prior to his role at DWS, he held various responsible positions at Deutsche Bank from 1997. However, the specifics of his roles at Deutsche Bank are not detailed in the current information.
It is important to note that Rieger remains active in the management of DWS International, although the position for his role at DWS International has not been filled yet. As this transition unfolds, it is clear that both Union Investment and DWS are making strategic moves to strengthen their leadership and product offerings in the asset management industry.
The transition of Harald Rieger from DWS to Union Investment signifies a shift in business affairs, as he will now oversee the investment direction and product offerings of Union Investment, leveraging his finance experience. Union Investment's choice of Rieger indicates a strategy to elevate its standing in the asset management sector.
