With thanks to Miriam Heale, Allen & York www.allen-york.com
Appointment of the month
Petra Pflaum is the new chief investment officer for responsible investments at Deutsche Asset Management (Deutsche AM). Pflaum, who started out as a sell-side analyst, joined Deutsche AM in 1999 as portfolio manager for European small and midcap (SMC) funds and was a buy-side analyst for European consumer companies. In 2011 she became head of research and global head of SMC, before becoming head of equities Europe, Middle East and Africa in 2014, where she was responsible for platform capabilities and performance.
“Although many academic studies support a positive contribution of ESG considerations on performance, I was curious as to why it is hardly used in portfolio management,” she says, explaining how her interest in working in this sector was sparked.
Her new role sees her managing a dedicated ESG team, while also retaining her position as head of equities in Europe, Middle East and Africa for Deutsche AM. She will also become a member of the management board. Pflaum now has a co-head of equities, Britta Weidenbach, former head of European equities.
Pflaum’s objectives are clear: “I would like for Deutsche AM to become a leading asset manager when it comes to...