Matt Hilding, a divisional director at BlackRock, has rejoined DWS as its U.S. Head of Wealth, based in Chicago.
Hilding is responsible for setting and executing the wholesale distribution strategy across DWS, formerly known as Deutsche Asset Management. Before leaving for BlackRock in 2018, Hilding was a divisional director at DWS, starting in 2007.
In his new role, Hilding will lead a regional team of sales executives to deliver the DWS platform to the wealth market in the Americas, using “enhanced data and technology practices to service the firm’s client base,” according to DWS press release. He will also sit on the U.S. coverage leadership team.
As of June 30, DWS had about $880 billion in AUM, 26% based in the Americas, according to the firm’s website. The majority of its assets are held by European clients, primarily in Germany. The firm’s products include mutual funds and ETFs, most of the latter using the Xtrackers label, closed-end funds and ETFs.
“Matt’s Chicago based role is new and focused on enhancing our coverage model to meet the growing needs of our U.S. Wealth clients, an important channel in our overall growth strategy,” said J.J. Wilczewski, head of client coverage Americas and global head of institutional clients and consultants at DWS, in a statement.
For his part, Hilding said he was “excited to return to DWS and join a dynamic team of investment professionals during a transformational time in the firm’s history and the asset management industry with the rise of alternative, passive and ESG strategies.”
— Check out Here’s How Advisors Should Position Portfolios Now: BlackRock on ThinkAdvisor.