Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Veritas fund selection chief to exit firm

Veritas fund selection chief to exit firm

Markus Kaiser, head of portfolio management and ETF specialist at Veritas Investment is set to leave the Frankfurt-based firm.

Kaiser has worked at Veritas Investment for eleven years and is a specialist in ETF fund of funds. The departure is due to 'a difference of opinion in the direction of the firm's strategy going forward'.

Kaiser was unavailable to comment but the firm's CEO, Dirk Söhnholz, confirmed his departure to Citywire Global on Thursday.

'The funds are systematically-based funds and the departure won't change anything on our existing strategy,' said Söhnholz.

Veritas Investment manages both actively and passively managed funds. Christian Schuster, Christian Riemann and Marcus Russ will continue to manage the ETF funds of funds that had previously been overseen by Kaiser.

Hanke Hess, previously head of portfolio management at Pall Mall Investment Management GmbH, a sister branch of Veritas Investment, will take over Kaiser's role as head of portfolio management.

'We're still in discussion with Mr Kaiser with regards to how we might work together in the future but we do expect Mr Kaiser to leave us,' added Söhnholz.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Zurich

    Citywire Zurich

  • Citywire Deutschland

    Citywire Deutschland

  • Citywire Singapore

    Citywire Singapore

  • Citywire Maastricht 2013

    Citywire Maastricht 2013

  • Citywire Stockholm

    Citywire Stockholm

  • Citywire Montreux 2013

    Citywire Montreux 2013

  • Citywire Hong Kong

    Citywire Hong Kong

  • Citywire Zurich

    Citywire Zurich

  • Citywire Deutschland

    Citywire Deutschland

  • Citywire Monreux 2013

    Citywire Monreux 2013

  • Citywire Montreux 2013

    Citywire Montreux 2013

  • Citywire Singapore 2013

    Citywire Singapore 2013

  • Citywire Singapore 2013

    Citywire Singapore 2013