GERMANY – Deutsche Asset Management has named Nikolaus Schmidt-Narischkin as the new head of corporate pensions following Klaus Mössle's departure for Fidelity Investments.

DeAM said Schmidt-Narischkin, 43, would take over from Mössle on June 1, adding that he is “a respected expert in the corporate pension arena”. He joined the bank in 1990.

Fidelity said Mössle, who is also president of the European Asset Management Association, is expected to join the company in July as managing director of its institutional business in Germany and Austria. EAMA is currently undergoing a merger with European funds association FEFSI.

Mössle takes a role vacated by Olaf John, who has since joined Capital International as marketing director.

Mössle will report to Peter Lord, managing director of Fidelity's European Institutional business, and to Klaus-Juergen Baum, managing director of Fidelity in Germany.

"Klaus joins us at a very exciting time in the development of our institutional business," Lord said. "Germany is a key market in our plans to build Fidelity's institutional presence in Europe. Trends in the market towards greater transparency and specialisation have already generated growing demand for our investment expertise, both from consultants and the German market at large.

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