Amid struggles to restructure its fund management operations, Deutsche Bank Asset Management (DAM) has lost a key senior manager.

Christoph Bernard, who served the chief investment officer of DAM Europe ex-U.K. and DAM Investment GmbH, is the latest in a string of high-level departure from the German firm's fund management unit, according to a report from Reuters. About 11 months ago, chief investment officer Karl Sternberg left DAM's London group and was replaced by Peter Harrison.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.