NEW YORK, March 19, 2015 /PRNewswire/ -- Rothschild Asset Management Inc., the US asset management business of the Rothschild Group ("Rothschild"), announced that Michael Woods has been appointed as Chief Executive Officer effective today. Mr. 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 commented, "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, Mr. 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, Mr. 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," continued Mr. Laurens.
Daniel Oshinskie will continue to oversee the firm's current investment process as Chief Investment Officer and will report to Mr. 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," said Mr. Laurens.
About Rothschild Asset Management Inc.
Headquartered in New York, Rothschild Asset Management Inc. or its affiliates manages investments covering a range of alternative investments, multi-strategy fund of hedge funds, and U.S. securities including large-cap, small/mid-cap, small-cap, and balanced strategies. We believe in investing with a goal of consistency and risk control. Every step in our process is a means towards achieving that goal. Our asset management business provides investment management and advisory services to institutional clients, financial intermediaries, and private clients around the world. Globally, Rothschild's asset management business has investment professionals dedicated to open-architecture in Paris, London, Zurich and New York offering multi-manager investment solutions.
SOURCE Rothschild Asset Management