EUROPE – The head of Deutsche Asset Management’s European pensions strategy group, Desmond MacIntyre, has resigned from his position having been with the company less than two years.

MacIntyre joined Deutsche Asset Management in May 2001, leaving his role as chief financial officer at US publishing house Asset International. Prior to that he was chief financial officer at General Motors’ pension fund in the US.

The departure was confirmed by the company. It is believed that MacIntyre is returning to the US to take up a senior executive position at a pension fund. MacIntyre declined to comment on his departure. It is not known who will replace him.

Deutsche Asset Management, part of Deutsche Bank, controls 102 billion dollars in European pension fund assets and is the second-largest manager of such assets.

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